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At January 1, 2022. Waterway Industries reported Retained Earnings of $385000. During 2022 Waterway had a net loss of $82500 and paid dividends to the

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At January 1, 2022. Waterway Industries reported Retained Earnings of $385000. During 2022 Waterway had a net loss of $82500 and paid dividends to the stockholders of $55000. At December 31, 2022, the balance in Retained Earnings is O $385000 debit. $302500 debit $330000 credit $247500 credit

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