Reference no: EM132817122

Biglo Chemical Company reported the following in the statement of comprehensive income for the year ended December? 31:

Income from continuing operations before tax  ?$600,000
Income tax expense                                   ?(140,000)
Net income                                                   ?460,000
Other comprehensive income                             ?110,000
Comprehensive income                                   ?240,000

Problem 1: During the? year, the company paid? $60,000 in dividends and purchased treasury stock with a par value of? $10,000 at a cost of? $70,000. If the balance of Retained Earnings at the beginning of the year was? $380,000, what is the balance of Retained Earnings at the end of the? year?