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OLEX CORPORATION BOOKS HAD THE FOLLWING DATA RETAINED EARNINGS AT BEGINNING OF YEAR 50,000 NET INCOME FOR YEAR 70,000 CONTINGENCY APPROPRIATION AT EN DOF YEAR

OLEX CORPORATION BOOKS HAD THE FOLLWING DATA

RETAINED EARNINGS AT BEGINNING OF YEAR 50,000

NET INCOME FOR YEAR 70,000

CONTINGENCY APPROPRIATION AT EN DOF YEAR 10,000

CASH DIVIDENDS DECLARED AND PAID DURING YEAR 8,000

WHAT AMOUNT ON LASTLINE OF SCHEDULE M2 OF FORM 1120

102,000

120,000

128,000

138,000

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