The Treasure Chest Corporation had Retained Earnings at the end of December 31,2015 of $450,000.During 2016,the company had net income of $170,000 and declared dividends of $20,000.The amount of Retained Earnings reported on the balance sheet as of December 31,2016 will be:

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The Answer of The Treasure Chest Corporation had Retained Earnings at the end of December 31,2015 of $450,000.During 2016,the company had net income of $170,000 and declared dividends of $20,000.The amount of Retained Earnings reported on the balance sheet as of December 31,2016 will be:

The Treasure Chest Corporation Had Retained Earnings at the End