Question: Revise the given year end information in your spreadsheet with the following values, and then answer the questions below: Dividends $ 2,700 Year 1 Year

 Revise the given year end information in your spreadsheet with the

Revise the given year end information in your spreadsheet with the following values, and then answer the questions below: Dividends $ 2,700 Year 1 Year 2 Year 3 Year 4 Revenue $17,800 7,800 47,800 92,800 Expenses $ 6,480 11,400 26,400 41,400 5,700 10,700 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 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 Retained Earnings 2 3 4

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