QUESTIONS P purchases 100 percent of Company on January 1, 20X2, when P's retained earnings balance is $210,000 and S's RE balance is $120,000 During 20x2, S reports $20,000 of net income and declares $8,000 of dividends. Proports $125,000 of separate operating earnings plus $20,000 of equity-method income from its 100 percent interest in S; P declares dividends of $35,000. What is P's retained earnings balance on December 31, 20X2 inks individual RE statement? $165,000 5300.000 $410.000 5305 000 QUESTION 10 Cand submit to save and suit. Click Save All Ansers to save all answers Save Al A