Prepare a retained earnings statement for ps music for the month ended june 30, 2016. refer to the list of labels and amount descriptions for the exact wording of the answer choices for text entries. be sure to complete the statement heading. if a net loss has been incurred, dividends were paid, or there has been a decrease in retained earnings, enter that amount as a negative number using a minus sign. if an amount is zero, enter "0".

1. what is the amount of interest earned after two years on a $100 deposit paying 4 percent simple interest annually? $8.00 $4.08 $8.16 $4.00 2. what is the amount of compound interest earned after three years on a $100 deposit paying 8 percent interest annually? $24.00 $8.00 $16.64 $25.97 3. a business just took out a loan for $100,000 at 10% interest. if the business pays the loan off in three months, how much did the business pay in interest? $2,500.00 $10.00 $250.00 $10,000.00 4. what is the annual percentage yield (apy) for a deposit paying 5 percent interest with monthly compounding? 5.00% 5.12% 79.59% 0.42%