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POSITIVE RATINGS WILL ONLY BE GIVEN FOR ANSWERS SHOWING STEP-BY-STEP CALCULATIONS. CLEAR EXCEL FORMAT PREFERRED!! HANDWRITEN ANSWERS OR, SCREENSHOTS ARE NOT ACCEPTABLE. A company began

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POSITIVE RATINGS WILL ONLY BE GIVEN FOR ANSWERS SHOWING STEP-BY-STEP CALCULATIONS. CLEAR EXCEL FORMAT PREFERRED!! HANDWRITEN ANSWERS OR, SCREENSHOTS ARE NOT ACCEPTABLE. A company began the year with retained earnings of $14,000. Net income for the year was $10,250, it repaid $4,500 of its line of credit balance, and it paid dividends to its shareholders of $11,000. What was the company's retained earnings at the end of the year

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