Current Attempt in Progress

Waterway Industries started the year with $$66000$ in its Common Stosk account and a credit balance in Retained Earnings of $$48400.$

During the year, the company earned net income of $$52800$ and declared and paid $$22000$ of dividends. In addition, the company sold

additional common stock amounting to $$30800.$ As a result, the amount of its retained earnings at the end of the year would be

$$79200.$

$$145200.$

$$176000.$

$$110000.$