hapter 1501 Help Save & Exit A company had a beginning balance in retained earnings of $420,000. It had net Income of $60,000 and declared and paid cash dividends of $65,000 in the current period. The ending balance in retained earnings equals: Multiple Choice $425,000 $415.000. $360,000 $485.000 $545.000. O ))) 2 O j e to search