Question: 1 7 At January 1 , 2 0 2 0 , LeAnna Industries reported retained earnings of $ 2 6 0 , 0 0 0

17
At January 1,2020, LeAnna Industries reported retained earnings of $260,000. During 2020, LeAnna had a net loss of $60,000 and paid dividends of $40,000. At December 31,2020, the amount of retained earnings is
a. $260,000
b. $160,000
c. $200,000
d. $280,000
1 7 At January 1 , 2 0 2 0 , LeAnna Industries

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