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 Cash dividends declared for the year Proceeds from the sale of equipment Gain on the sale of equipment Cash dividends payable at the beginning of the year Cash dividends payable at the end of the year Net income for the year $130, eee 50,000 85,000 7,800 22,000 24,800 96,000 What is the ending balance for retained earnings? Multiple Choice Green Company reports depreciation expense of $44,000 for Year 2. Also, equipment costing $152,000 was sold for a $5,400 gain in Year 2. The following selected information is available for Green Company from its comparative balance sheet. Compute the cash received from the sale of the equipment At December 31 Equipment Accumulated Depreciation Equipment Year 2 Year 1 $630,000 $782,000 444,000 520,000 Multiple Choice $44,000