DM Company had beginning retained earnings of $80,000.During the year the company earned net income of $200,000 and declared dividends of $70,000.The Company sold 1,000 shares of stock for $45 each during the year.What is the ending balance in retained earnings?

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The Answer of DM Company had beginning retained earnings of $80,000.During the year the company earned net income of $200,000 and declared dividends of $70,000.The Company sold 1,000 shares of stock for $45 each during the year.What is the ending balance in retained earnings?

DM Company Had Beginning Retained Earnings of $80,000