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Please Help ME QUICKLY with this question. Thank you ABC Company ended Year 1 with the following account balances: Cash $560, Common Stock $520, and

Please Help ME QUICKLY with this question. Thank you

ABC Company ended Year 1 with the following account balances:

Cash $560, Common Stock $520, and Retained Earnings $300.

The following transactions occurred during Year 2:

Issued common stock for $19,000 cash.

ABC borrowed an additional $12,900 from Chris Bank.

ABC earned $8,700 of revenue on account.

ABC incurred $3,300 of operating expenses on account.

Cash collections of accounts receivables were $6,500.

ABC provided additional services to customers for $1,700 cash.

ABC purchased land for $15,000.

ABC used $2,600 in cash to make a partial payment on its accounts payable.

ABC declared and paid a $280 dividend to the stockholders.

On December 31 ABC had accrued salaries of $3,600.

What is the amount of retained earnings that will be shown on the balance sheet prepared at the end of Year 2?

Multiple Choice:

$6,800

$3,520

$6,520

$6,780

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