[Tseth]

A company had a revenue of 250000, rent expense of 10000, utility expense of 3500, salary expense of 18500, depreciation expense of 9,000, advertising expense of4500, dividends in the amount of 18000, and a beginning balance in retained earnings of 17900. What is the balance in retained earnings for the end of the period?

[pready]

You have to find Net Income first, with what you have so: Net Income = Revenues - Expenses.

Now to find Ending Retained Earnings: Ending Retained Earnings = Beginning Retained Earnings + Net Income - Dividends