Alpha’s Company’s Fiscal Year 2017 Statement of Cash Flows reflected information that cash provided by operating activities was $800,000. The Fiscal Year 12/31/17 Balance Sheet showed the value of Retained Earnings to be $625,000. The following additional information was provided:

Depreciation Expense


Common Stock Dividends


Accounts Receivable increase


Accounts Payable decrease


Use this information and determine Alpha Company’s:

a. the Net Income (Net Loss) the 2017 Fiscal Year.

b. the beginning balance for Retained Earnings