16) HUD Company had a beginning retained earnings of $27,875. For the year, the company had net income of $4,790 and paid dividends of $1,600. The company also issued $3,000 in new stock during the year. What is the ending retained earnings balance? A) $31,065 B) $30,875 C) $34,065 D) $29,475 E) $28,065 17) At the beginning of the year, Shinedown, Corporation, had a long-term debt balance of $47,630. During the year, the company repaid a long-term loan in the amount of $13,855. The company paid $5,460 in interest during the year, and opened a new long-term loan for $12,160. How much is the ending long- term debt account on the company's balance sheet? A) $45,935 B) $7,155 C) $54,330 D) $49,325 E) $51,395