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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