Answer:
$235,000
Explanation:
The computation of the current balance of retained earnings is shown below:
= Total income since incorporation - Total cash dividends paid - Total value of stock dividends distributed
= $326,000 - $61,000 - $30,000
= $235,000
As we know that
The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid
We applied the same.
