Wildhorse Company reported retained earnings at December 31,2021 , of $318,500. Wildhorse had 198,500 shares...
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Wildhorse Company reported retained earnings at December 31,2021 , of $318,500. Wildhorse had 198,500 shares of common stock outstanding at the beginning of 2022 The following transactions occurted during 2022. 1. A cash dividend of $0,70 per share was declared and paid. 2. A 10% stock dividend was declared and distributed when the inarket price per share was $14 per shore 3. Net income was $283,000. Compute the ending balance in retained earnings at the end of 2022. netationdeurniogs
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