At the beginning of the current year, Wilson Corporation had 220,000 shares of $1 par common stock outstanding and had retained earnings of $5,000,000. During the year, the company earned $1,695,000 and paid a year-end cash dividend of $4 per share. What was Wilson Corporation's retained earnings at the end of the year?

Multiple Choice

• $6,475,000.

• $5,815,000.

• $6,695,000.

• $5,000,000.

At the beginning of the current year, Wilson Corporation had 220,000 shares of $1 par common stock outstanding and had retained earnings of $5,000,000. During the year, the company earned $1,695,000 and paid a year-end cash dividend of $4 per share. What was Wilson Corporation's retained earnings at the end of the year? Multiple Choice $6,475,000. $5,815,000. $6,695,000 $5,000,000