Question: A t December 3 1 , 2 0 1 4 , Shorts Company had retained earnings o f $ 2 , 1 8 4 ,

At December 31,2014, Shorts Company had retained earnings of $2,184,000. During 2014, the company issued stock for $98,000,
and paid dividends of $34,000. Net income for 2014 was $402,000. How much was the retained earnings balance at the beginning of
2014?
$2,552,000
$1,914,000
$1,816,000
$2,454,000
At December 31,2014, Shorts Company had retained earnings of $2,184,000. During

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