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A company hasretained earnings of $94,000 as of December 31, 2014. The Pro-forma income statement projects net income of $22,000 for 2015. The company expects
A company hasretained earnings of $94,000 as of December 31, 2014. The Pro-forma income statement projects net income of $22,000 for 2015. The company expects to declare their annualdividend on March 15, 2015 of $0.70 per share and has a total of 100,000 shares outstanding.
What will the projected retained earnings account be as of December 31, 2015?
1) 186,000
2) $46,000
3) $16,000
4) $2,000
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