Below is a table showing Revenues and Expenses, and Dividends declared and paid during the years 2016 - 2020 for AllTheColoursOfYou, Inc. Assume the balance of Retained Earnings as of 1/1/2016 was $192,055:

Year	Revenues	Expenses	Dividends
2016	$712,450	$754,090	$0
2017	$807,320	$799,110	$200
2018	$874,205	$833,555	$320
2019	$797,025	$840,320	$0
2020	$932,630	$881,045	$195

Calculate the balance of Retained Earnings as of the end of 2019.

Answer rating: 100% (QA)

Retained Earnings balance as of January 1 2016 192055 2016 Net Income Revenues Expenses 712450 75409... View the full answer