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Carla Vista Company reported retained earnings at December 31, 2019, of $317,000. Carla Vista had...

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Accounting

Carla Vista Company reported retained earnings at December 31, 2019, of $317,000. Carla Vista had 190,000 shares of common stock outstanding at the beginning of 2020. The following transactions occurred during 2020.

1. A cash dividend of $0.35 per share was declared and paid.
2. A 5% stock dividend was declared and distributed when the market price per share was $15 per share.
3. Net income was $290,000.

Compute the ending balance in retained earnings at the end of 2020.image

View Policies Current Attempt in Progress Carla Vista Company reported retained earnings at December 31, 2019, of $317,000. Carla Vista had 190,000 shares of common stock outstanding at the beginning of 2020. The following transactions occurred during 2020. 1. A cash dividend of $0.35 per share was declared and paid. 2. A 5% stock dividend was declared and distributed when the market price per share was $15 per share. 3. Net income was $290,000. Compute the ending balance in retained earnings at the end of 2020. Retained earnings $

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