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Metlock, Inc. began the year 2022 with retained earnings of $653000. During the year, the company sold additional shares of stock for $1009000, recorded
Metlock, Inc. began the year 2022 with retained earnings of $653000. During the year, the company sold additional shares of stock for $1009000, recorded revenues of $604000, expenses of $382000, and paid dividends of $134500. What was Metlock's retained earnings balance at the end of 2022? O $1009500 O $740500 O $1122500 O $604000
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