What is the ending balance of retained earnings for engstrom

Reference no: EM13268306

Engstrom Company began fiscal 2013 with a $40,000 balance in Retained Earnings. During 2013, its net income was $167,890 and it declared and paid dividends of $50,000. What is the ending balance of Retained Earnings for Engstrom?

Reference no: EM13268306

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