Alisha,

We currently have balances of $$42,008$ in Common Stock and $$53,467$ in Retained Earnings. The board has been modeling different scenarios to assess their impact on our balance sheet next year. If we generate $$42,774$ in net profit next year, as well as declare and pay $$31,506$ in dividends, what will our ending balance in retained earnings be next year?

Sincerely,

Ronald

Ronald Jefferson

Board Member, Accounting & Finance

$|$ Andrews Corporation

$$ $$138,249$

$$127,747$

$$148,942$

$$64,735$