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Problem 4: Taco Bell Inc. has the following information in the years 2019 and 2020. Year 2019 Year 2020 4,500 Beginning retained earnings Revenues for
Problem 4: Taco Bell Inc. has the following information in the years 2019 and 2020. Year 2019 Year 2020 4,500 Beginning retained earnings Revenues for the year A 16,300 15,200 B Expenses for the year Dividends Paid 13,300 1,000 1,500 1. At the end of Year 2, a company has a retained earnings balance of 5,700. How much would the beginning retained earnings for the year 2020 represented by A? O A) $2,300 OB) $5,300 O c) $5,700 D) $6,100 E) None of the above
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