Global Inc had net income for 2015 of $24,000 . It declared and paid a $13,000 cash dividend in 2015 . If the company's retained earnings for the end of the year was $39,600, what was the company's retained earnings balance at the beginning of 2015?
a. $28,600
b. $50,600
c. $76,600
d. $2,600
a
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