Question

Simple MCQ from Financial Accounting class. Please answer it ASAP!!!

88 32 Collapse information applies to the questions displayed below) Sanchez Company engaged in the following transactions during Year 13 1) Started the business by issuing $42.000 of common stock for cash 2) The company paid cash to purchase 526.000 of inventory 3) The company sold inventory that cost $16.000 for 530,600 cash 4) Operating expenses incurred and paid during the year. $14.000 Sanchez Company engaged in the following transactions during Year 2: 1) The company paid cash to purchase $35.00 of inventory 2) The company sold inventory that cost 532.800 for 557.000 cash 3) Operating expenses incurred and paid during the year. 510.000 Note: Sancher uses the perpetual inventory system What is the amount of retained earnings that will be shown on the balance sheet at December 31, Year 27 S31.300 526.00 56200 56.100