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1) The Shoes Plaza expects sales of $428,600 next year

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1) The Shoes Plaza expects sales of $428,600 next year. The profit margin is 5.2% and the firm has a 30% dividend payout ratio. What is the projected increase in retained earnings.

2)Silverman Co. owns 8,000 of the 20,000 outstanding shares of DeFano, Inc. common stock. During 2017, DeFano earns $100,000 and pays cash dividends of $80,000.  If the beginning balance in the investment account was $200,000, the balance at December 31, 2017 should be?