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27 Brown Deer Company earned $151,888 during the year ended June 30, 2018. After paying out $25,794 in dividends, the balance went into retained earnings.

27 Brown Deer Company earned $151,888 during the year ended June 30, 2018. After paying out $25,794 in dividends, the balance went into retained earnings. If the firm's total retained earnings were $546,972, what were the retained earnings on its balance sheet on July 1, 2017? a. $376,543 b. $405,451 c. $420,878 d. $673,066

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