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  3. whispering winds corp. started the year with $5520

Whispering Winds Corp. started the year with $55200 in its Common Stock account and a...

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Accounting

Whispering Winds Corp. started the year with $55200 in its Common Stock account and a credit balance in Retained Earnings of $40500. During the year, the company earned net income of $44200, and declared and paid $18400 of dividends. In addition, the company sold additional common stock amounting to $25800. The amount reported for ending retained earnings on the retained earnings statement would be O $121500. O $147300. O $92100. O $66300.
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Whispering Winds Corp. started the year with $55200 in its Common Stock account and a credit balance in Retained Earnings of $40500. During the year, the company earned net income of $44200, and declared and paid $18400 of dividends. In addition, the company sold additional common stock amounting to $25800. The amount reported for ending retained earnings on the retained earnings statement would be $121500. $147300. $92100. $66300

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