Question: 1 . At December 3 1 , 2 0 1 9 , Shorts Company had retained earnings of $ 2 , 1 8 4 ,

1. At December 31,2019, Shorts Company had retained earnings of $2,184,000. During 2019, the company issued stock for $98,000 and paid dividends of $34,000. Net income for 2019 was $402,000. How much was the retained earnings balance at the beginning of 2019.
a. $2,552,000
b. $1,816,000
c. $1,914,000
d. $2,454,000

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