At January 1, 2021, Alligator Industries reported retained earnings of $150,000.During 2021, Alligator had a net loss of $30,000 and paid dividends of $15,000.At December 31, 2021, the balance of retained earnings is

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The retained earnings at the end of the year is calculated by taking the beginning retained earnings, adding net income (or subtracting net loss), and subtracting dividends. Starting with $150,000, subtract the net loss of $30,000 and the dividends of $15,000, resulting in $105,000.

At January 1, 2021, Alligator Industries Reported Retained Earnings of $150,000.During