Please fill in the missing amount and explain the formula you used. The more detailed explanation of the process is appreciated.1) Revenue for 2008 $8,000Dividends Declared$1,000Expenses for 2008 $3,000January 1 RE Balance$5,000December 31 RE Balance ?2) Revenues for 2008 $3,000Dividends declared in 2008$2,000Expenses for 2008 $1,000January 1 retained earnings balance ?December 31 RE balance$6,0003) Revenues for 2008 $5,000Dividends declared in 2008 ?Expenses for 2008$4,000January 1 RE balance $8,000December 31 RE balance$3,0004) Revenues for 2008 $6,000Dividends declared for 2008$0Expenses for 2008 ?January 1 RE balance $12,000December 31 RE balance$8,0005) Revenues for 2008 ?Dividends declared in 2008 $3,000Expenses for 2008$6,000January 1 RE balance $8,000December 31 RE balance$9,000

Question

Please fill in the missing amount and explain the formula you used. The more detailed explanation of the process is appreciated.

1) Revenue for 2008 $8,000 Dividends Declared$1,000
Expenses for 2008 $3,000 January 1 RE Balance$5,000
December 31 RE Balance ?
2) Revenues for 2008 $3,000 Dividends declared in 2008$2,000
Expenses for 2008 $1,000 January 1 retained earnings balance ? December 31 RE balance$6,000
3) Revenues for 2008 $5,000 Dividends declared in 2008 ? Expenses for 2008$4,000
January 1 RE balance $8,000 December 31 RE balance$3,000
4) Revenues for 2008 $6,000 Dividends declared for 2008$0
Expenses for 2008 ?
January 1 RE balance $12,000 December 31 RE balance$8,000
5) Revenues for 2008 ?
Dividends declared in 2008 $3,000 Expenses for 2008$6,000
January 1 RE balance $8,000 December 31 RE balance$9,000