Section C (10 points) Q4. Prime Ventures Inc. currently has a common stock $55,000 and retained earnings of $155,000 at the beginning of year 1. The firm is expecting the following net income and dividends for the next five years. The firm pays all dividends as projected. Year 1 2 3 5 Net Income $70,000 $85,000 $110,000 $40,000 $30,000 Preference Dividend $5000 $5000 35000 $5000 55000 Common Stock Dividend $8000 $10000 $15000 59000 57000 Required: Determine the stockholder's equity to be presented in the balance at the end of each year, respectively