Oscar's Incredible Eatery (\$ thousands) Income Statement for the year ending Dec. 31, 2014 Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest expense Earnings before tax Tax Earnings after tax Dividends 17,30010,6003,2503,4506802,7709401,830450
Balance Sheet as of Dec. 31,2014 Cash Accounts receivable Inventory Total current assets Net fixed assets Total assets3509402,3603,65010,85014.500 Accounts payable Long-term debt Common stock Retained earnings Total liab. & equity1,9203,5007,5001,580−−−14,500
-Please refer to Oscar's financial statements above.What was Oscar's increase in retained earnings during 2014?
A) $450 B) $1,380 C) $1,830 D) $2,280 E) None of the above.
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