he accountant for Crusoe Company is preparing the company's statement of cash flows for the...
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Accounting
he accountant for Crusoe Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available:
| Retained earnings balance at the beginning of the year | $ | 129,500 |
| Cash dividends declared for the year | 49,500 | |
| Proceeds from the sale of equipment | 84,500 | |
| Gain on the sale of equipment | 7,700 | |
| Cash dividends payable at the beginning of the year | 21,500 | |
| Cash dividends payable at the end of the year | 24,200 | |
| Net income for the year | 95,500 | |
What is the ending balance for retained earnings?
Multiple Choice
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$205,500.
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$175,500.
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$255,000.
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$181,000.
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$283,000.
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