For the year ended December 31, 2020, Carla Vista Co. reported the following: Net income $307000 Preferred
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Question:
For the year ended December 31, 2020, Carla Vista Co. reported the following:
Net income $307000
Preferred dividends declared 49500
Common dividend declared 9300
Unrealized holding loss, net of tax 5800
Retained earnings, beginning balance 412000
Common stock 201400
Accumulated Other Comprehensive Income,
Beginning Balance 24500
What would Carla Vista report as the ending balance of Retained Earnings?
$684600
$654400
$660200
$713200
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