Question: Using the information given below what will the forecast retained earnings balance be at the end of Year 2? Retained earnings balance at the end

Using the information given below what will the forecast retained earnings balance be at the end of Year 2?

Retained earnings balance at the end of Year 1 200.0
Forecast net income for Year 2 100.0
Forecast common stock dividends for Year 2 30.0
Forecast SG&A expenses for Year 2 80.0

Select one:

300.0

200.0

270.0

190.0

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