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The 2019 income statement for Albania Alkaline, Inc. showed (in thousands of dollars) $8,300 in Earnings Before Interest and Taxes: $6,000 in Net Income; and

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The 2019 income statement for Albania Alkaline, Inc. showed (in thousands of dollars) $8,300 in Earnings Before Interest and Taxes: $6,000 in Net Income; and $2,400 in Dividends paid. The balance sheet at the end of 2019 showed $5,000 in Retained Earnings. What amount of Retained Earnings would have been shown on the company's balance sheet at the end of 2018 (the previous year)? O A. $2,600 OB. $8,400 C. $5,000 O D. $1,400 O E. $3,600

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