Question: Need help solving please. Please list the steps so i can learn how to solve. 1. At the beginning of the year, January 1, 2020,

Need help solving please. Please list the steps so i can learn how to solve. 1. At the beginning of the year, January 1, 2020, DTO Inc. had a balance in retained earnings of $500. DTO had net income for the year of $300, and had an ending balance in retained earnings of $600. What is the amount of dividends paid by DTO during 2020?

2. At the beginning of the year, January 1, 2020, XYZ Inc. has a balance in retained earnings of $120,000. XYZ had net income for the year of $300,000, issued additional common stock of $100,000, and paid dividends of $50,000. What is the ending balance of retained earnings at December 31, 2020?

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