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The accountant for Crusoe Company is preparing the company's statement of cash flows for the...

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Accounting

The 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 $ 166,000
Cash dividends declared for the year 56,000
Proceeds from the sale of equipment 91,000
Gain on the sale of equipment 9,000
Net income for the year 102,000

What is the ending balance for retained earnings?

Multiple Choice

$194,000.

$212,000.

$424,000.

$221,000.

$268,000.

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