Mints retained earnings balance

Reference no: EM131007497

Mints Entertainment, Inc. had net income of $170,000 and paid dividends of $0.25 per share on its 100,000 shares of outstanding stock in 2006. At the end of the year its balance sheet showed retained earnings of $250,000. What was Mints' retained earnings balance at the end of 2005?

Reference no: EM131007497

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