Required information Applying Excel 3-2: Using Basic Excel Skills to Calculate the Balance in Retained Earnings In this Applying Excel exercise you will practice using basic formulas to calculate the ending balance in Retained Earnings for a company's first four years of business. Watch the tutorial video and then complete Parts 1 and 2 to practice and apply the skills demonstrated in the video. Apply Excel (Part 2) Revise the given year end information in your spreadsheet with the following values, and then answer the questions below: Required: 1. Complete the table below based on your spreadsheet results: (Negative amount should be indicated by a minus sign.) 2. Assume revenues increase 20% in both Years 1 and 4 , what would the revised balances be? (Negative amount should be indicated by a minus sign.)