Question Inferring Values Using the Income Statement and Balance Sheet Total Assets Total Liabilities Stockholders S100.000 $25.000 $300,000 $125,000 577.000 Total Expenses $211.000 Net Income (1.01) Total Revenues $322.000 S205,000 $137.400 $47.000 $206,500 Question 2 Preparing a Statement of Retained Earnings (M1-12) Alpha Corporation was organized on January 1, 2017. For its first two years of operation, it reported the following: Net Income for 2017 $35,000 Net Income for 2018 $37,500 Dividends for 2017 $8.500 Dividends for 2018 $8,700 Total assets at the end of 2017 $124.000 Total assets at the end of 2018 $273,000 Alpha Corporation Statement of Retained Earnings For the Year Ended December 31, 2017 Beginning Add Subtract Ending Alpha Corporation Statement of Retained Earnings For the Year Ended December 31, 2018 Beginning Add Subtract Ending