JS Kimmel, Accounting, 7e Help System Announcements CALCULATOR PRINTER VERSION 4 BACK NEXT Multiple Choice Questions Metlock, Inc. started the year with $54000 in its Common Stock account and a credit balance in Retained Earnings of $39600. During the year, the company earned net income of $43200, and declared and paid $18000 of dividends. In addition, the company sold additional common stock amounting to $25200. As a result, the balance in retained earnings at the end of the year would be O $90000 O $144000 O $118800 O $64800 Click if you would like to Show Work for this question: Doen Show Work By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor Question Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER 9:56 PM 6/10/2000