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Question 13 2 pts Use the following to answer questions 12 & 13: During their fiscal year 2020 (also the calendar year) Smith & Wesson

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Question 13 2 pts Use the following to answer questions 12 & 13: During their fiscal year 2020 (also the calendar year) Smith & Wesson Co, reported Revenue of $5,100 and Expenses of $3,450. Dividends of 1,000 were paid during the year. The following account balances were drawn from the December 31, 2020 balance sheet of S&W Co. Cash 3,000 Note Receivable 500 A/R 700 Common Stock ? A/P 9,000 R/E 1.100 Vehicles 11,000 BASED ON THIS INFORMATION, WHAT IS THE BEGINNING BALANCE UANUARY 1, 2020) OF RETAINED EARNINGS FOR THE SMITH & WESSON CO.? 2,050 $400 5150 O $1450

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