Question: Ligonier Tree Services has the following activity during the current year: Retaining earnings, beginning balance $180,000 Net income 44,000 Dividends 15,500 What is the year-end

Ligonier Tree Services has the following activity during the current year: Retaining earnings, beginning balance $180,000 Net income 44,000 Dividends 15,500 What is the year-end retained earnings balance? a. $164,500 b. $136,000 c. $224,000 d. $208,500

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