Question: Revise the given year end information in your spreadsheet with the following values, and then answer the questions below: Revenue Expenses Dividends Year 1

Revise the given year end information in your spreadsheet with the following

Revise the given year end information in your spreadsheet with the following values, and then answer the questions below: Revenue Expenses Dividends Year 1 Year 2 Year 3 Year 4 $18,200 8,200 48,200 93,200 $ 6,600 $ 2,900 11,600 0 26,600 5,800 41,600 10,800 Required: 1. Complete the table below based on your spreadsheet results: (Negative amount should be indicated by a minus sign.) Year Net Income Retained Earnings 1 2 3 4 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.) Year Net Income 1 2 3 4 Retained Earnings

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