Accounting question

Question Completion Status: > Moving to another question will save this response. > Question 3 1.5 points Save Answer The beginning balance in retained earnings of ABC Inc. is $42,000. The current period net income is $5,000 and declared and paid cash dividends is $3,500. The ending balance in retained earnings equals: $40,500 $41,500 $43,500 $45,000 A Moving to another question will save this response. >&gt