A corporation reported a net income of $170,000 for its fiscal year and declared and paid cash dividends of $42,000 and declared and distributed a stock dividend recorded at $72,000. If the beginning balance of the Retained Earnings account was $200,000, the ending balance is:

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The ending balance of the Retained Earnings account is $256,000. This is calculated by adding the net income of $170,000 to the beginning balance of $200,000 and then subtracting the cash dividends of $42,000 and the stock dividend of $72,000.

A Corporation Reported a Net Income of $170,000 for Its