The accountant for ti company is preparing the company's statement of cash flows for the fiscal year just ended. the following information is available:
retained earnings balance at the beginning of the year $151,000
cash dividends declared for the year 46,000
net income for the year 92,000
what is the ending balance for retained earnings?

Simon, aged 10, is invited to a classmate's birthday party at an exclusive ski resort on march 15th. the day will include 4 hours of snowboarding, lunch and birthday cake. simon's mother checks a box on the invitation that says "yes, we will attend" and returns it to the classmate's address. unfortunately, they later don't attend the party when simon comes down with the flu. on march 17th, simon's mother receives an invoice in the mail from simon's classmate for $35 that says, "party no-show fee." can simon's classmate collect the fee?