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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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