The Following Accounts Were Taken from a Company's Accounting Records

The following accounts were taken from a company's accounting records.Answer the questions that follow.
$\begin{array}{llll}\text { Total liabilities, end of the yr. }&\$920,000 &\text { Total assets, end of the yr.}&\$1,430,000\\ \text { Common shares, end of the }&160,000& \text { Retained earnings, beginning of \( \mathrm{yr} \).}&150,000\\\text { yr. } \\\text { Dividends for the period }&200,000&\text { Net income for the yr.}&400.000\end{array}$
A) How much is the balance of retained earnings at the end of the year?
B) Show the company's accounting equation at the end of the year with the respective dollar amounts.

C) If shareholders' equity increases during the year, does that mean that the company it profitable? Explain your answer.