Question 5 of 16 < View Policies Current Attempt in Progress -17 E : Pharoah Company started the year with $74400 in its Common Stock account and a credit balance in Retained Earnings of $54600. During the year, the company earned net income of $59500, and declared and paid $24800 of dividends. In addition, the company sold additional common stock amounting to $34700. As a result, the balance in retained earnings at the end of the year would be $198400. $124000. O $89300. O $163700. Save for Later Attempts: 0 of 1 used Submit Answer