Chrome Fix Edit View History Bookmarks Profiles Tab Window Help (307) YouTube (312) YouTube Assignments: MBX Sanchez Year 20 ezto.mheducation.com/map/index.html?_consiconsexternal browsers0&launchUrlahttps%253A%252F%252Fheducatio Chapter 3 Quiz 5 200 Sanchez Company engaged in the following transactions during Year t Started the business by issuing $10,900 of common stock for cash The company paid cash to purchase $6,800 of inventory. The company sold inventory that cost $4,200 for $8,150 cash. Operating expenses incurred and paid during the year, $3,700. Sanchez Company engaged in the following transactions during Year 2 The company paid cash to purchase $9,200 of inventory. The company sold inventory that cost $8,400 for $14,750 cash. Operating expenses incurred and paid during the year, $4,700. Note: Sanchez uses the perpetual inventory system. What is the amount of retained earnings as of December 31, Year 2? MC Graw Mutiple Choice O $9.800 $1650 $6,700 $1900 Saved < Prev 5 of 10 Next > 11 dtv