1 of 10 -13 View Policies Current Attempt in Progress Concord Corporation started the year with $48000 in its Common Stock account and a credit balance in Retained Earnings of $35200. During the year, the company earned net income of $38400, and declared and paid $16000 of dividends. In addition, the company sold additional common stock amounting to $22400. The amount reported for ending retained earnings on the retained earnings statement would be $57600. $80000. $105600. $128000. eTextbook and Media Attempts: 0 of 1 used