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What was the amount of retained earnings at the beginning

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Reference no: EM132954416

Problem 1: At the end of Year 2, retained earnings for the Baker Company was $3,150. Revenue earned by the company in Year 2 was $3,400, expenses paid during the period were $1,800, and dividends paid during the period were $1,200. Based on this information alone, what was the amount of retained earnings at the beginning of Year 2?

A. $3,550
B. $6,800
C. $1,550
D. $2,750

Reference no: EM132954416

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