Question $6$

Builtrite ended $2022$ with retained earnings of $$1,800,000.$ At the end of $2023,$ Builtrite had net profits after tax of

$$1,600,000.$ During $2023$ Builtrite paid interest expense of $$300,000$ and preferred stock dividends of $$200,000$ and

common stock dividends of $$400,000.$ What is the $2023$ end of year total for retained earnings?

$$2,800,000$

$$2,300,000$

$$2,200,000$

$$2,400,000$

$$2,500,000$