Project year end retained earnings for Construction Company for 20X3 based on the following facts Retained earnings at 31 December 20X2 $126,000 Other comprehensive income items in 20X3 $1,500 Dividends declared in 20X3 $20,000 Net loss for 20X3 ($78,000) Common shares issued in 20X3 $22,000 No other equity transactions in 20X3 a $28,000 b $50,000 c $48,000 d $29,500

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Project year-end retained earnings for Construction Company for 20X3 based on the following facts: Retained earnings at 31 December 20X2: $126,000 Other comprehensive income items

Project year-end retained earnings for Construction Company for 20X3 based on the following facts:

Retained earnings at 31 December 20X2: $126,000
Other comprehensive income items in 20X3: $1,500
Dividends declared in 20X3: $20,000
Net loss for 20X3: ($78,000)
Common shares issued in 20X3: $22,000
No other equity transactions in 20X3

a. $28,000

b. $50,000

c. $48,000

d. $29,500

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