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Wildhorse Corporation began operations in 2 0 2 5 . During the year, the company earned sales revenues of $ 1 6 9 1 6

Wildhorse Corporation began operations in 2025. During the year, the company earned sales revenues of $1691600 with related cost of goods sold of $868200. The company incurred administrative expenses of $505600 and had other expenses and losses of $5200. Income tax expense was $36800 and dividends of $39800 were paid. After the closing process is complete, the Retained Earnings account will have a balance of
$236000.
$275800.
$333200.
$328000.
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