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What is the company retained earnings balance at the end

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Question - A company's retained earnings balance at the beginning of the year is $33,800. Its Common Stock account balance is $54,000, and its Paid-in Capital in Excess of Par - Common Stock balance is $24,000, at the end of the year. Net income for the year is $23,000. Cash dividends declared and paid during the year is $3,500. Stock dividends declared and distributed during the year is $7,600. What is the company's retained earnings balance at the end of the year?

Reference no: EM132566706

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