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  3. 3. purrfect pets had beginning and ending balances

3. Purrfect Pets had beginning and ending balances, respectively, in its retained earnings account of...

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Accounting

3. Purrfect Pets had beginning and ending balances, respectively, in its retained earnings account of $395,600 and $389,860. During the year, the company declared and paid a $5,740 dividend. The company's gross profit for the year was:

a. Zero

b. $5,740

c. $11,480

d. Insufficient information to compute

e. None of the above

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