Sammy's Pizza opened on January 1, 2018. Sammy's reported the following for cash revenues and cash expenses for the years 2018 to 2020: Cash Revenues Cash Expenses 2018 $ 20,000 $ 11,000 2019 $ 30,000 $ 14,000 2020 $ 40,000 $ 22,000 Required What would Sammy's Pizza report for net income and retained earnings for the years 2018, 2019, and 2020? Assume that Sammy's Pizza paid a $5,000 dividend to stockholders in 2019. What would Sammy's Pizza report for net income and retained earnings for 2019 and 2020?
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