Marcos Inc had net income for 2014 of $40,000 . It declared and paid a $3,500 cash dividend in 2014 . If the company's retained earnings for the end of the year was $38,200, what was the company's retained earnings balance at the beginning of 2014?

a. $81,700
b. $74,700
c. $5,300
d. $1,700


d

Business

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The following data pertains to activity and utility cost for two recent periods:      Activity level (units) 15,000  12,000Utility cost$24,750 $21,000Utility cost is a mixed cost with both fixed and variable components. Using the high-low method, the cost formula for utility cost is: (Round your intermediate calculations to 2 decimal places.)

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