The following information was obtained from the Sheena Corporation's May financial statements. Determine the company's retained earnings
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| Income Statement | |
| Revenues | |
| Expenses | $90,000 |
| Net Income | $140,000 |
| Statement of Retained Earnings | |
| Beginning Balance | $290,000 |
| Net Income | |
| Subtotal | |
| Dividends | $40,000 |
| Ending Balance | ????????? |
| Balance Sheet | |
| Assets | |
| Liabilities | $600,000 |
| Stockholders' Equity | |
| Common Stock | $710,000 |
| Retained Earnings | ????????? |
| Total Stockholders' Equity | |
| Total Liabilities and Stockholders' Equity | $1,700,000 |
| a. | $250,000 |
| b. | $390,000 |
| c. | $290,000 |
| d. | $430,000 |
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