For the year ending December 31, 2020, Marigold Corp. reports net income $130,000 and cash dividends $90,000. Determine the balance in retained earnings at December 31 assuming the balance in retained earnings on January 1, 2020, was $234,000. (List items that increase retained earnings first.)
Marigold Corp.
Retained Earnings Statement
choose the accounting period select an opening name $enter a dollar amount select between addition and deduction : select an item enter a dollar amount enter a subtotal of the two previous amounts select between addition and deduction : select an item enter a dollar amount select a closing name $enter a total amount