The table below presents the statements of retained earnings for Labelle Corporation for 3 successive years....

 

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The table below presents the statements of retained earnings for Labelle Corporation for 3 successive years. Certain numbers are missing. Required: Use your understanding of the relationship between successive statements of retained earnings to calculate the missing values. 2020 2021 2022 Retained earnings, beginning Add: Net income 18,900 $22,600 $25,890 11,100 8,490 9,500 $30,000 31,090 35,390 Less: Dividends (7,400) (5,200) 1,290 Retained earnings, ending 22,600 25,890 $34,100 The table below presents the statements of retained earnings for Labelle Corporation for 3 successive years. Certain numbers are missing. Required: Use your understanding of the relationship between successive statements of retained earnings to calculate the missing values. 2020 2021 2022 Retained earnings, beginning Add: Net income 18,900 $22,600 $25,890 11,100 8,490 9,500 $30,000 31,090 35,390 Less: Dividends (7,400) (5,200) 1,290 Retained earnings, ending 22,600 25,890 $34,100