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For Year 2, the Sacramento Corporation had beginning and ending Retained Earnings balances of $173,967...

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Accounting

For Year 2, the Sacramento Corporation had beginning and ending Retained Earnings balances of $173,967 and $211,900, respectively. Also during Year 2, the board of directors declared cash dividends of $25,500, which were paid during Year 2. The board also declared a stock dividend, which was issued and required a transfer in the amount of $15,500 to paid-in capital. Total expenses during Year 2 were $40,916. Based on this information, what was the amount of total revenue for Year 2?

Group of answer choices

$104,349

$148,467

$119,849

$145,484

Answer & Explanation Solved by verified expert
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