Time left 1:17:49 Question 13 Not yet answered Kassab Corporation had retained earnings of $750,000 at January 1, 2020. During the year, the company generated a net income of $150,000 and declared share dividends of $50,000. it was discovered during 2020 that the maintenance expense of 2019 was overstated by $28,000 (net of tax) What is the retained earnings balance at December 31, 2020? Marked out of 200 Flag question a $810,000 b. $838,000 c. $878,000 d. $860,000 Samaha Corporation reported retained earnings of $700,000 at January 1, 2020. During the year, the company suffered from a net loss of $300,000 and declared cash dividends of $80,000. Compute the retained earnings balance at December 31, 2020? a. $320,000 b. $920,000 c. $1,000,000 d. $400,000