The Andrews company currently has the following balances in their equity accounts: Common Stock $59,934 Retained earnings $32,340 Suppose next year the Andrews company generates $46,300 in Net Profit, and declares and pays $16,000 in Dividends. What will Andrews ending balance in Retained Earnings be next year

Question

02-06-2021
Business

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The Andrews company currently has the following balances in their equity accounts: Common Stock $59,934 Retained earnings $32,340 Suppose next year the Andrews company generates $46,300 in Net Profit, and declares and pays $16,000 in Dividends. What will Andrews ending balance in Retained Earnings be next year

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