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XYZ Corp. reported retained earnings of $770,000 on its 2075 balance sheet. The firm generated $150,000 of net income and paid dividends of $20,000 in

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XYZ Corp. reported retained earnings of $770,000 on its 2075 balance sheet. The firm generated $150,000 of net income and paid dividends of $20,000 in 2015. What amount of retained earnings did XYZ Corp. report on its 2014 balance sheet? Select one: a. $830,000 b. $750,000 c. $940,000 d. $640,000

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