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The accountant for Crusoe Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Retained
The accountant for Crusoe Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available:
Retained earnings balance at the beginning of the year | $ | 130,000 |
Cash dividends declared for the year | 50,000 | |
Proceeds from the sale of equipment | 85,000 | |
Gain on the sale of equipment | 7,800 | |
Cash dividends payable at the beginning of the year | 22,000 | |
Cash dividends payable at the end of the year | 24,800 | |
Net income for the year | 96,000 | |
What is the ending balance for retained earnings?
Multiple Choice
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$256,000.
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$182,000.
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$206,000.
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$284,000.
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$176,000.
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