Question

Alice - SX ACCT 101 - 10:45 PM ats 1001 PA Alice w Policies Sep 24, 2020 Current Attempt in Progress Waterway Industries began the year with retained earnings of $316000. During the year, the company issued $421000 of common stock, recorded expenses of $1204000, and paid dividends of S82100. If Waterway's ending retained earnings was $336000, what was the company's revenue for the year? $1645000 $1224000 $1306100 $1727100 Attempts: 0 of I used Submit Answer Save for later acer

Answer 1

Ending Retained Earnings	336000
Less: Beginning Retained Earnings	316000
Increase in Retained Earnings	20000
Increase in Retained Earnings	20000
Add: Dividends	82100
Net income	102100
Net income	102100
Add: Expenses	1204000
Revenue	1306100
Option C 1306100 is correct