Balance in retained earnings for night scapes

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Reference no: EM131321678

Statement of Retained Earnings Night Scapes, Corp. began the year 2008 with $29 million in retained earnings. The firm suffered a net loss of $2.9 million in 2008 and yet paid $2.09 million to its preferred stockholders and $1.09 million to its common stockholders. What is the year-end 2008 balance in retained earnings for Night Scapes? $26.1 million $28.72 million $35.08 million $22.92 million

Reference no: EM131321678

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