Jetson Corporation Jetson Corporation reported the following information for the year ended December 31, 2012. Revenue $14,000,000 Expenses 11,500,000 Dividends 1,000,000 Retained earnings at December 31, 2012 1,750,000 Refer to the selected information provided for Jetson Corporation. What was the retained earnings balance on December 31, 2011?
A) $ 250,000
B) $2,500,000
C) $1,500,000
D) $ 350,000
A
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