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First Corporation had Retained Earnings at the end of December 31, 2018 of $452,000. During 2019, the company had net income of $172,000 and declared
First Corporation had Retained Earnings at the end of December 31, 2018 of $452,000. During 2019, the company had net income of $172,000 and declared dividends of $20,200. The amount of Retained Earnings reported on the balance sheet as of December 31, 2019 will be: 0 Multiple Choice $624,000 5603,800 O 5431,800 5644,200
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