The accountant for Huckleberry Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Retained earnings balance at the beginning of the year$167,000?Cash dividends declared for the year 52,400?Net income for the year 100,000?What is the ending balance for retained earnings?
A. $267,000.
B. $14,600.
C. $114,600.
D. $288,000.
E. $214,600.
Answer: E
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