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What is the retained earnings balance

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Reference no: EM132460463

Following is financial information from ZTec Corp. for the year ended December 31, 2016.

Retained earnings, Dec. 31, 2015                 105,669

Net income for 2016                                    30,123

Common stock, Dec. 31, 2015                   2,430,000

Common stock, Dec. 31 2016                    2,550,000

Dividends declared and paid during 2016         11,379

Question 1: ZTec had no equity accounts other than common stock and retained earnings at either Dec. 31, 2015 or December 31, 2016. What is the retained earnings balance at December 31, 2016?

a. $73,326

b. $94,290

c. $147,171

d. $124,413

e. None of the above.

Reference no: EM132460463

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