Question: What is the formula to get that correct answer? Question 9 3.03 / 3.03 pts The Scott Company provided the following information for the full

What is the formula to get that correct answer?

Question 9 3.03 / 3.03 pts The Scott Company provided the following information for the full month of January: Total expenses for the month were $100,000 Scott Company declared, but did not pay, $200,000 worth of dividends during January Their January 1st Retained Earnings balance was $500,000 (credit balance) Total revenues for the month were $500,000 but only collected $300,000 of these revenues in cash. Based only on this information what is Scott's ending January balance in Retained Earnings? 0 $900,000. 0 $500,000. 0 $300,000. 1 O $700,000. O None of the answers are correct

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