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HUD, Co. had a beginning retained earnings of $29,825. For the year, the company had net income of $6,540 and paid dividends of $2,550. The

HUD, Co. had a beginning retained earnings of $29,825. For the year, the company had net income of $6,540 and paid dividends of $2,550. The company also issued $4,450 in new stock during the year. What is the ending retained earnings balance?

Multiple Choice $8,083.71 $7,348.83 $9,410.00 $6,532.29 $8,379.41

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