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What is the amount of retained earnings on the Balance Sheet at the end of Year 4? a) $4,800. b) $7,725. c) $4,725. d) $6,725.

What is the amount of retained earnings on the Balance Sheet at the end of Year 4?

a) $4,800.

b)

$7,725.

c)

$4,725.

d)

$6,725.

The following accounts are taken from the December 31, Year 4 financial statements of a company. Accounts Payable $2,075 Accounts Receivable 800 Selling & Administrative Expenses 2,500 Cash 2,200 Common Stock 2,000 Dividends 1,900 Income Tax Expense 400 Interest Expense 75 Other Expenses 500 Notes Payable 5,000 Other Assets

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