Accountant for robinson company

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Reference no: EM13940369

The accountant for Robinson Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available:

Retained earnings balance at the beginning of the year $ 157,500
Cash dividends declared for the year 47,500
Proceeds from the sale of equipment 82,500
Gain on the sale of equipment 7,300
Cash dividends payable at the beginning of the year 19,500
Cash dividends payable at the end of the year 41,800
Net income for the year 93,500
What is the ending balance for retained earnings? $251,000. $279,000. $203,500. $177,000. $256,700.

Reference no: EM13940369

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