Fernwood Company is preparing the company's statement of cash flows for the fiscal year just ended The following information is available Retained earnings balance at the beginning of the year Cash dividends declared for the year Proceeds from the sale of equipment Gain on the sale of equipment Cash dividends payable at the beginning of the year Cash dividends payable at the end of the year Net income for the year $288,888 63,75e 109,200 6,150 28,850 35,58e 140,250 The ending balance in retained earnings is. Multiple Choice $370,650 $428.250 $375,300 $285150 $364,500 Prey T9 of 100 Next >