Allen's roofing posts $5,000 in net income and $200 in dividends for the year. how does this affect the retained earnings on the balance sheet? select only one retained earnings increases by $4,800 retained earnings increases by $5,000 retained earnings increases by $5,200 retained earnings decreases by $4,800 retained earnings decreases by $5,000

"Retained earnings increases by $4,800"

Step-by-step explanation:

Retained Earnings are the amount of money left over for a business after it has paid its dividends from its net income.

Simply put:

Retained Earnings = Income - Dividends

Here, it is given:

Income = 5000

Dividends = 200

Hence,

Retained Earnings = 5000 - 200 = $4800

step-by-step explanation:

no not all of them.

step-by-step explanation:

some of them have a square base.