Question: please help me with these two, they are back to back questions At January 1, 2022, Bonita industries reported Retained Earnings of $308000. During 2022,

please help me with these two, they are back to back questions

questions At January 1, 2022, Bonita industries reported Retained Earnings of $308000.

At January 1, 2022, Bonita industries reported Retained Earnings of $308000. During 2022, Bonita had a net loss of $66000 and paid dividends to the stockholders of $44000. At December 31, 2022, the balance in Retained Earnings is $242000 debit. $308000 debit. $264000 credit. $198000 credit. During January 2017, its first month of operation, Coronado Industries earned net income of $6390 and paid dividends to the owners of $1880. At January 31 , the balance in Retained Earnings will be $1880 debit. $0 $4510 credit. $6390 credit

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