Determining ending retained earnings balance

Reference no: EM13152282

Declared stock dividends of $40,000 Declared cash dividends of $30,000 A 2 for 1 stock split involving the issue of 200,000 shares of $5 par value common stock for 100,000 shares of $10 par value common stock Suffered a net loss of $60,000 What is the ending Retained Earnings balance?

Reference no: EM13152282

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