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The Following Information Is Available from the Records of Focus

Question 162

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The following information is available from the records of Focus Seascapes, Inc. at the end of the 2014 calendar year:
The following information is available from the records of Focus Seascapes, Inc. at the end of the 2014 calendar year:    Required: 1 What is Focus' net income for the year ended December 31, 2014? 2 What is Focus' retained earnings balance for the year ended December 31, 2014? Required:
1 What is Focus' net income for the year ended December 31, 2014?
2 What is Focus' retained earnings balance for the year ended December 31, 2014?

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1. Revenue - Expenses = Net In...

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