Anderson corporation had a credit balance of $43,000 in its retained earnings account on december 31, 2014. net income of $6,000 was reported on its income statement for the year ended december 31, 2015. dividends in the amount of $5,625 were declared on december 31, 2015; the dividends are payable to the company's stockholders on february 1, 2016. the balance in its retained earnings account on december 31, 2015 equals

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Part (a) is relatively straight forward.there are 4 aces in a standard 52-card deck. so the probability that an ace is picked is just 4/52.part (b): note that there are 4 suits in a standard 52-card deck. so picking hearts will be 13/52 or 1/4.part (c): the probability condition or means we need to add the two probabilities because we do not want them simultaneously. so, we end up getting pr(ace) + pr(heart).from part (a), we found that picking an ace had a probability of 4/52, which is reduced down to 1/13.from part (b), we found that picking a heart had a probability of 1/4.so, the probability of an ace or a heart is 1/13 + 1/4 = 4/52 + 13/52 = 17/52.

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