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What would blossom report as the ending balance of retained

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Reference no: EM132484955

For the year ended December 31, 2020, Blossom Company reported the following:

Net income                                                            $290000

Preferred dividends declared                                         48000

Common dividend declared                                            9000

Unrealized holding loss, net of tax                                 4000

Retained earnings, beginning balance                            380000

Common stock                                                            198000

Accumulated Other Comprehensive Income, Beginning Balance 24000

Question 1: What would Blossom report as the ending balance of Retained Earnings?

Reference no: EM132484955

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