Clowns - R - Us reported the following in the statement of comprehensive income for the year ended December 31:

Income from continuing operations before tax …………. 830,000

Income tax expense ………….………….…………...……. (330,000)

Net Income ………….………….………….………….…….. 500,000

Other comprehensive income ………….………….……… 130,000

Comprehensive income ………….………….…………….. 600,000

During the year, the company paid $102,000 in dividends and purchased treasury: lock with a par value of $20.000 at a cost of $95,000 If the balance of Retained: amino at the beginning of the year was 1440,000 what is the balance of Retained Earnings at the end of the year?

Answer rating: 100% (QA)

Retained earnings at the beginning 1440000 Add Net income 500000 Ot... View the full answer