Business, 29.10.2019 04:31 rk193140

At the beginning of the year, a company's balance sheet reported the following balances: total assets = $225,000; total liabilities = $100,000; common stock, $25,000, and retained earnings = $100,000. during the year, the company reported revenues of $46,000 and expenses of $30,000. in addition, dividends for the year totaled $20,000. assuming no other changes to retained earnings, the balance in the retained earnings account at the end of the year would be:
a. $116,000.
b. $136,000.
c. $24,000.
d. $96,000.
e. $104,000.

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