Determining balance of retained earnings

Reference no: EM13148656

In April 2006, ABC Motors had Total Sales of $100,000; Total Expenses of $60,000 and a beginning balance of Retained Earnings of $25,000. The company will pay a $10,000 dividend this month (the dividend was declared this month as well). What is the balance of Retained Earnings as of April 30, 2006?

Reference no: EM13148656

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