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Business, 23.02.2021 01:00 maddy6882

For the past four years, ABC reported the following annual net income and dividend amounts: Year Net Income Dividends 1 $22,000 $2,000 2 17,000 2,000 3 9,000 1,000 4 14,000 3,000 If ABC had Retained Earnings of $88,000 at the end of year 5, At the end of Year 4, Retained Earnings was $70,000. What was the company's Retained Earnings at the beginning of Year 1

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