a company started the year with the following: assets 119,000, liabilities 41000, common stock 71000, retained earnings 7000.

durinig the year the company earned revenue of 6300 all of which was received in cash, and expenses of 3650 all of which were unpaid as of the end of the year. in addition, the compnay paid dividends of 2300 to owners. assume no other activities occured during the year.

what is the amount of retained earnings at the end of the year?

a. 9650

b.2300

c. 7350

d. 13300