Flag question Question 7 Not yet answered Marked out of 0.50 At the beginning of the year Retained Earnings has a balance of $100,000. During the year the company pays cash dividends of $10,000 and stock dividends of $5,000 and earns a net income of $40,000. Calculate the company's ending Retained Earnings. Select one or more: a. 135,000 b. 45,000 c. 130,000 d. 125,000 Question 8 Not yet answered Marked out of 0.50 P Flag question Corporations' basic ownership share; also generically called capital stock is known as: Select one or more: a. Common Stock b. Preferred Stock c. Treasury Stock d. Basic Stock