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A company provides the following financial information related to its retained eamings for the year ended December 31, 2021. (Al dollar amounts in thousands.) -
A company provides the following financial information related to its retained eamings for the year ended December 31, 2021. (Al dollar amounts in thousands.) - Retained eamings balance as of January 1, 2021:\$34,590 - Net sales for year 2021:\$7,610 - Net income for year 2021: \$1,\$22 - Dividends paid to shareholders in year 2021: \$338 For year 2022, net income is forecasted to be $1,557. Use the information above to forecast the following amounts for year (2022). \begin{tabular}{|l|l|} \hline What is the forecasted ending balance of retained earnings as of December & [Select ] \\ \hline b. 31,2022 ? & [Select] \\ \hline & $1,652.0 \\ & $36,985.2 \\ & $1,726.4 \\ & $34,252.0 \\ $336,112.0 \\ \hline \end{tabular}
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