Please!! Help me solving all parts of this practice question The following information pertains to the next four questions. At the beginning of Year 2, X Company had assetsof $300, liabilities of $150, and common stock of $50. During Year 2 the company earned revemue of $400, incurredexpenses of $250, and paid dividends of $100. All transactions were cash transactions.1. What is the amount of retained earnings at the beginning of Year 2?$ 50.$100.$150.a.b.C.d.none of the above.2. The amount of net income reported on the Year 2 income statement would be$400.$150.a.b.C.$ 50.d.none of the above.3. The amount of retained earnings reported on the December 31, Year 2 balance sheet would be$100.$250.$650.a.b.C.d.none of the above.4. The amount of total assets reported on the December 31, Year 2 balance sheet would be$350.$300.$450.d. $ 50.a.b.C.5. Z Company borrowed $500 cash from the National Bank. As a result of this transaction, Z Company'sassets would increase by $500.liabilities would decrease by $500.equity would increase by $500.d.a.b.C.revenue would decrease by $500.

Assets = LIabilities + ( Common stock + Retained earnings )

The following information pertains to the next four questions. At the beginning of Year 2, X Companry had assets of $300, liabilities of $150, and common stock of $50. During Year 2 the company earned revenue of $400, incurred expenses of $250, and paid dividends of $100. All transactions were cash transactions. 1. What is the amount of retained earnings at the beginning of Year 2? $ 50 $100. $150. a b. C. d. none of the above. 2. The amount of net income reported on the Year 2 income statement would he $400. $150. $ 50. a b. с. d. none of the above. 3. The amount of retained earnings reported on the December 31, Year 2 balance sheet would be $100. b. $250. $650. a. с. d. none of the above. 4. The amount of total assets reported on the December 31, Year 2 balance sheet would be $350. $300. $450. d. $ 50. a. b. C. 5. Z Company borrowed $500 cash from the National Bank. As a result of this transaction, Z Company's assets would increase by $500. liabilities would decrease by $500. equity would increase by $500. revenue would decrease by $500. a. b. C. d.