Required: 1. For the most recent year, what amount does Buckle report for current assets? What is the ratio of current assets to total assets? (Round "Ratio of current assets" to 2 decimal places.) Answer is complete but not entirely correct. Current assets 264,809,000 Ratio of current assets 0.54 X 2. For the most recent year, what amount does Buckle report for current liabilities? What is the ratio of current liabilities to total liabilities? (Round "Ratio of current liabilities" to 2 decimal places.) Answer is complete but not entirely correct. Current liabilities 92,030,000 0.68 X Ratio of current liabilities 3. For the most recent year, what is the change in retained earnings reported in the balance sheet? (Negative values should be indicated by a minus sign.) Answer is complete but not entirely correct. Retained earnings $ 6,962,000 4. For the most recent year, what is the amount of net income reported in the income statement? (Negative values should be indicated by a minus sign.) Answer is complete but not entirely correct. Net income $ 127,303,000 5. Calculate the amount of dividends during the year using only your answers in questions 3 and 4 above. Answer is complete but not entirely correct. Dividends $ 120,341 x Required information The general ledger of Red Storm Cleaners at January 1, 2021, includes the following account balances: Credits Debits $ 20,000 8,000 4,000 15,000 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals $ 5,000 7,500 25,000 9,500 $ 47,000 $ 47,000 The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, $60,000, of which $21,000 is on account. 2. May 2 Collect on accounts receivable, $18,000. 3. June 30 Issue shares of common stock in exchange for $6,000 cash. 4. August 1 Pay salaries of $7,500 from 2020 (prior year). 5. September 25 Pay repairs and maintenance expenses, $13,000. 6. October 19 Purchase equipment for $8,000 cash. 7. December 30 Pay $1,100 cash dividends to stockholders