CAPSIM

Ronald Jefferson

RJ Board Member, Accounting & Finance

Fri, $9$:$02$ pm

Mark Anthony,

We currently have balances of $$41,962$ in Common Stock and $$53,820$ in Retained Earnings. The board has been modeling different

scenarios to assess their impact on our balance sheet next year. If we generate $$43,056$ in net profit next year, as well as declare

and pay $$31,472$ in dividends, what will our ending balance in retained earnings be next year?

Sincerely,

Ronald

Ronald Jefferson

Board Member, Accounting & Finance $|$Andrews

Corporation

$$138,838$

$$128,348$

$$65,405$

$$149,602$