On January 1,2017,Francisco Company's balance in retained earnings was $80,000.During 2017,the company earned net income of $43,000 and paid $15,000 in dividends.Calculate the retained earnings balance at December 31,2017.
A)$42,000
B)$90,000
C)$98,000
D)$108,000

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The Answer of On January 1,2017,Francisco Company's balance in retained earnings was $80,000.During 2017,the company earned net income of $43,000 and paid $15,000 in dividends.Calculate the retained earnings balance at December 31,2017.
A)$42,000
B)$90,000
C)$98,000
D)$108,000

On January 1,2017,Francisco Company's Balance in Retained Earnings Was $80,000