Question: Blue Spruce Corp. started the year with $ 6 9 6 0 0 in its Common Stock account and a credit balance in Retained Earnings

Blue Spruce Corp. started the year with $69600 in its Common Stock account and a credit balance in Retained Earnings of $51000. During the year, the company earned net income of $55700 and declared and paid $23200 of dividends. In addition, the company sold additional common stock amounting to $32500. As a result, the amount of its retained earnings at the end of the year would be
$83500.
$185600.
$153100.
$116000.
Blue Spruce Corp. started the year with $ 6 9 6 0

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