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What is the ending balance for retained earnings

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Reference no: EM132073587

Question - The accountant for Brooks 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 $156,000

Cash dividends declared for the year $ 46,000

Proceeds from the sale of equipment $ 81,000

Gain on the sale of equipment $ 7,000

Cash dividends payable at the beginning of the year $ 18,000

Cash dividends payable at the end of the year $ 40,000

Net income for the year $ 92,000

What is the ending balance for retained earnings?

Reference no: EM132073587

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