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At January 1, 2022, Blue Corporation had a credit balance of $3,050,000 in its retained earnings account. During the year, Blue paid $275,000 in dividends,
At January 1, 2022, Blue Corporation had a credit balance of $3,050,000 in its retained earnings account. During the year, Blue paid $275,000 in dividends, reported net income of $420,000 and other comprehensive income of $750,000. The December 31 balance of retained earnings is: Select one: $3,945 000 $2,445,000. $3,195,000 $2,775,000
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