A merchandiser uses a perpetual inventory system. The beginning Retained Earnings balance of the merchandiser was...

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A merchandiser uses a perpetual inventory system. The beginning Retained Earnings balance of the merchandiser was $100,000. During the year, Sales Revenue amounted to $90,000, Cost of Goods Sold was $40,000, and all other expenses totaled $12,000. The company declared and paid $26,000 as dividends. The ending balance of Retained Earnings would be A. $100,000 OB. $164,000 OC. $112,000 D. $138,000 A merchandiser uses a perpetual inventory system. The beginning Retained Earnings balance of the merchandiser was $100,000. During the year, Sales Revenue amounted to $90,000, Cost of Goods Sold was $40,000, and all other expenses totaled $12,000. The company declared and paid $26,000 as dividends. The ending balance of Retained Earnings would be A. $100,000 OB. $164,000 OC. $112,000 D. $138,000