Question: Blue Spruct Corp, started the year with $69600 in its Common Stock account and a credit balance in Retained Earnings of $51000 During the year,

Blue Spruct 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 balance in retained earning at the end of the year would be 5116000 $83500 5185600 B5153100

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