Wildhorse Company reported retained earnings at December 31, 2021, of $306,500. Wildhorse had 196,500 shares of...

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Wildhorse Company reported retained earnings at December 31, 2021, of $306,500. Wildhorse had 196,500 shares of common stock outstanding at the beginning of 2022. The following transactions occurred during 2022. 1. A cash dividend of $0.50 per share was declared and paid. 2. A 10% stock dividend was declared and distributed when the market price per share was $15 per share. 3. Net income was $283,000. Compute the ending balance in retained earnings at the end of 2022. Retained earnings $ Wildhorse Company reported retained earnings at December 31, 2021, of $306,500. Wildhorse had 196,500 shares of common stock outstanding at the beginning of 2022. The following transactions occurred during 2022. 1. A cash dividend of $0.50 per share was declared and paid. 2. A 10% stock dividend was declared and distributed when the market price per share was $15 per share. 3. Net income was $283,000. Compute the ending balance in retained earnings at the end of 2022. Retained earnings $

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To compute the ending balance in retained earnings at the end of 2022 for Wildhorse Company we need ... View the full answer