The accountant for Crusoe 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$133,000?Cash dividends declared for the year 53,000?Proceeds from the sale of equipment 88,000?Gain on the sale of equipment 8400?Cash dividends payable at the beginning of the year 25,000?Cash dividends payable at the end of the year 28,400?Net income for the year 99,000?What is the ending balance for retained earnings?
A. $179,000.
B. $262,000.
C. $290,000.
D. $188,000.
E. $209,000.
Answer: A
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