The Toy Store has beginning retained earnings of $28,975.For the year,the company earned net income of $4,680 and paid dividends of $1,600.The company also issued $3,000 worth of new stock.What is the value of the retained earnings account at the end of the year?
A) $20,445
B) $22,695
C) $27,375
D) $32,055
E) $35,255
Correct Answer:
Verified
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