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(4) If the beginning balance of retained earnings is $90,000, revenue is $95,000, expenses total $60,000, and the company declares and pays a $15,000 dividend,
(4) If the beginning balance of retained earnings is $90,000, revenue is $95,000, expenses total $60,000, and the company declares and pays a $15,000 dividend, what is the ending balance of retained eamings? Let's begin by selecting the labels in the summarized statement of retained earnings and then enter the amounts to calculate the ending balance of retained earnings for the company. (Include a subtotal after the "Add" line of the statement.) $90,000 Statement of Retained Earnings Beginning retained earnings Add: Net Income for the period Subtotal Less Dividends declared Ending retained earnings $15,000 Choose from any list or enter any number in the input fields and then continue to the next
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