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Retail Apex, Inc. reported net income for 2020of $2,286,200and the company paid dividends of $1.05per share in 2020. Given this information (along with the data
Retail Apex, Inc. reported net income for 2020of $2,286,200and the company paid dividends of $1.05per share in 2020. Given this information (along with the data provided above), compute what Retail ApexCompany reported as retained earnings on its December 31, 2019balance sheet? (Assume that no additional shares of stock were issued between December 31, 2019 amd December 31, 2020.)
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