Please provide the answers to the amounts not given.For the following items, provide the missing number.Retained Earnings, 1/1/16$ 575,603Net Income?Subtotal$ 498,667Dividends10,000Retained Earnings, 1/1/16$ 488,667Make sure your answer does not include a "$" (dollar sign) or "," (comma). It should be in the format of a basic number; such as "55000".

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter5: Completing The Accounting Cycle
Section: Chapter Questions
Problem 1PB: Identify whether each of the following accounts would be considered a permanent account (yes/no) and...
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Please provide the answers to the amounts not given.

For the following items, provide the missing number.

Retained Earnings, 1/1/16
$ 575,603
Net Income
?
Subtotal
$ 498,667
Dividends
10,000
Retained Earnings, 1/1/16
$ 488,667

Make sure your answer does not include a "$" (dollar sign) or "," (comma). It should be in the format of a basic number; such as "55000".

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