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Testbank Multiple Choice Question 84 The following information was extracted from the accounts of Crane Company at December 31, 2020: CR(DR) Total reported income since

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Testbank Multiple Choice Question 84 The following information was extracted from the accounts of Crane Company at December 31, 2020: CR(DR) Total reported income since incorporation $4870000 Total cash dividends paid (2300000) Unrealized holding loss on available-for-sale securities (362000) Total stock dividends distributed (588000) Prior period adjustment, recorded January 1, 2020 223000 What should be the balance of retained earnings at December 31, 2020? $2813600. O $1712000 $2205000 $1843000. Click if you would like to Show Work for this question: Open Show Work

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