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Question 10 (1 point) Saved A company's retained earnings balance at the end of the current year is $827,470. During the year, the company had

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Question 10 (1 point) Saved A company's retained earnings balance at the end of the current year is $827,470. During the year, the company had net income of $165,410, and new capital spending of $198,630. The company uses a debt-to-equity ratio of 2.85 for the capital spending and strictly adheres to a residual dividend policy. What was the retained earnings balance at the beginning of the current year? $756,481 $775,878 $795,275 $814,672 $834,069

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