Below is a table showing Revenues and Expenses for the three years ended 12/31/2018-2020, and...
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Accounting
Below is a table showing Revenues and Expenses for the three years ended 12/31/2018-2020, and Dividends declared and paid during those same years for XYST, Inc. Assume the balance of Retained Earnings as of 1/1/2018 was $91,065:
|
| 2018 | 2019 | 2020 |
| Revenues | $1,055,830 | $840,355 | $1,320,610 |
| Expenses | $930,480 | $1,044,260 | $1,211,900 |
| Dividends | $1,500 | $0 | $2,250 |
The balance of Retained Earnings as of 12/31/2020 is:
Group of answer choices
$214,915
None of the other answers are correct
$106,460
$117,470
$197,525
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