S Multiple Choice Question 128 Sheridan Company started the year with $50400 in its Common Stock account and a balance in Retained Earnings of $37000. During the year, the company earned net income of $40300 and declared and paid $16800 of dividends. In addition, the company sold additional common stock amounting to $23500. As a result, the amount of its retained earnings at the end of the year would be O $134400 O $110900. O $60500. O $84000