XYZ Company had a beginning balance of $2,346,888 in retained earnings as of 12/31/2020. During the year of 2020 it generated net income of $100,000. Its sales were $1,500,000 and its cash account increased by $200,000. No dividends were paid. What is the balance of Retained Earnings as of 12/31/2021?

Question 6 options:

	2,346,888
	2,446,888
	2,546,888
	3,846,888