The following amounts represent totals from the first three years of operations. Calculate the balance of Retained Earnings at the end of 2021. 201920202021Net Income (loss)$1,200 $(500)$2,300 Net Cash Flows$500 $300 $2,800 Dividends$200 $0 $200 Issuance of Stock$2,000 $0 $0 

A. $3,500.
B. $2,600.
C. $4,600.
D. $3,100.


Answer: B

Business

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