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At the beginning of 2016, Hamilton Company had retained earnings of exist150,000. reported net income of exist75,000, sold treasury shares at a gain of exist27,000,
At the beginning of 2016, Hamilton Company had retained earnings of exist150,000. reported net income of exist75,000, sold treasury shares at a "gain" of exist27,000, declared a cash dividend of exist45,000, and declared and issued a small share dividend of 1, 500 shares (exist10 par value) when the fair value of the shares was exist30 per share. Calculate the amount of retained earnings of Hamilton Company at the end of 2016
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