MC Qu. 146 The accountant for Crusoe... The accountant for Crusoe Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available. Retained earnings balance the beginning of the year Cash dividends declared tor the year Proceeds from the sale of equipment Gain on the sale of rquipment Cash dividends payable at the beginning of the year Cash dividends payable at the end of the year Net income for the year $132,500 52,500 87,500 8,10 24,500 27,880 98,500 What is the ending balance for retained earnings? Multiple Choice $1/8,500 $261000 $289,000 $200,500 $1870XXO