[rita smith]

Mints Entertainment, Inc had net income of $170,00 and paid dividends of $0.25 per share on its 100,00 shares of outstanding stock in this year. At the end of the year its balance sheet showed tained earnings of $250,000. What was Mint's retained earnings balance at the end of last year?

[Cat1864]

Rita, we cannot do your homework for you. But if you post the work you have done, we will tell you if it is correct. If it isn't we will guide you in finding the correct answer.

Thank you.