Hendrick, Inc. has a balance in retained earnings of $100,000 at the beginning of the year....

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Hendrick, Inc. has a balance in retained earnings of $100,000 at the beginning of the year. During the year the company paid $25,000 in cash dividends and had net sales of $2,900,000 and $210,000 of net income. What is the ending balance in retained earnings for the year? Select one: a. $75,000 O b. $310,000 c. $285,000 O d. $2,975,000 If Jeb Inc. issues an additional 1,000 shares of the $5 par value common stock for cash at $10 per share, the entry is: Select one: O a. Dr. Cash $10,000. Cr. Common Stock $10,000 O b. Dr. Cash $10,000. Cr. Common Stock $5,000. Cr. Paid-in Capital in Excess of Par $5,000 c. Dr. Cash $5,000. Cr. Common Stock $5,000 O d. Dr. Cash $10,000. Cr. Common Stock $5,000. Cr. Retained Earnings $5,000 Hendrick, Inc. has a balance in retained earnings of $100,000 at the beginning of the year. During the year the company paid $25,000 in cash dividends and had net sales of $2,900,000 and $210,000 of net income. What is the ending balance in retained earnings for the year? Select one: a. $75,000 O b. $310,000 c. $285,000 O d. $2,975,000 If Jeb Inc. issues an additional 1,000 shares of the $5 par value common stock for cash at $10 per share, the entry is: Select one: O a. Dr. Cash $10,000. Cr. Common Stock $10,000 O b. Dr. Cash $10,000. Cr. Common Stock $5,000. Cr. Paid-in Capital in Excess of Par $5,000 c. Dr. Cash $5,000. Cr. Common Stock $5,000 O d. Dr. Cash $10,000. Cr. Common Stock $5,000. Cr. Retained Earnings $5,000