wledge Check ct the best answer to each question. Question 3 of 3 Telecom Company is preparing its budgeted balance sheet for the end of the year. Assuming that no dividends were deciared during the year, what is the best place to locate ending retained earnings? It is derived from the current year's net income plus the current year's common stock balance. It is derived from the current year's net income plus the previous year's retained earnings balance. It is derived from the current year's net income minus the previous year's retained earnings balance. It is derived from the current year's net income plus the previous year's common stock balance. submit answer & continU