Marked out of 1.00 Not yet answered p Flag question The income statement for the year 2011 of Poole Co. contains the following information: Revenues $70,000 Expenses: Wages Expense $45,000 Rent Expense 12,000 Advertising Expense 6,000 Supplies Expense 6,000 Utilities Expense 2,500 Insurance Expense 2,000 CLO4 Total expenses 73,500 Net income (loss) $(3,500) At January 1, 2011, Poole reported Retained Earnings of $50,000. Dividends for the year totalled $10,000. At December 31, 2011, the company will report Retained Earnings of Select one: a. $40,000 b. $36,500. c. $13,500. d. $43,500. p Flag question Marked out of 1.00 Fanswered