What is the ending balance in the retained earning account


What is the ending balance in the Retained Earning account given these facts about 2010.

Beginning Balance in Retained earnings at 1/1/2010 $10,000, Net income of $5,000, Dividends paid of $3,500.

A. $18,500

B. $12,500

C. $11,500

D. $15,000

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Accounting Basics: What is the ending balance in the retained earning account
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