Question: Please help me solve this problem as soon as possible! Thank you! so steps and formula! Multiple choice 1. Cerulean, Inc. reported the following amounts

 Please help me solve this problem as soon as possible! Thank

Please help me solve this problem as soon as possible! Thank you! so steps and formula!

Multiple choice 1. Cerulean, Inc. reported the following amounts at the end of the first year of operations: Item Common stock Sales revenue Total assets Amount Item $225 Dividends declared $600 Total liabilities $750 Amount $35 $400 What are the retained earnings of Cerulean at the end of the year, and what amount of expenses were incurred during the year

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