At the beginning of the year, Sigma Company's balance sheet reported Total Assets of $249,000 and Total Liabilities of $19,200 and Common stock of
$76,800. During the year, the company reported total revenues of $292,000 and expenses of $226,000. Also, dividends during the year totaled $60,000.
Assuming no other changes to Retained earnings, the balance in the Retained earnings account at the end of the year would be:
Multiple Choice
$249.000
$154,000
$216,000
$156,000
$159,000
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