[SOLVED]The Andrews company currently has the following balances in their equity accounts: Common Stock $14,081 Retained earnings $101,016
The Andrews company currently has the following balances in their equity accounts: Common Stock $14,081 Retained earnings $101,016 Suppose next year the Andrews company generates $46,300 in Net Profit, and declares and pays $16,000 in Dividends. What will Andrews ending balance in Retained Earnings be next year?
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- $60,381
- $131,097
- $131,316
- $115,097
