was $3,900, expenses paid during the period were $2,050, and dividends paid during the period were...

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was $3,900, expenses paid during the period were $2,050, and dividends paid during the period were $1,450. Based on this Information alone, what was the amount of retained earnings at the beginning of Year 22 At the end of Year 2, retained earnings for the Baker Company was $3,650. Revenue earned by the company in Year 2 Multiple Choice $7,800 $4,050 $1,800 3250

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Answer 1

Answer #1

	Amount
Retained earning at the end of Year 2	$3,650
Less: Net Income (3900 - 2050)	(1,850)
Add: Dividend paid	1,450

Retained earning at the beginning of Year 2	$3,250

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Answer 2

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