The accountant for Robinson Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available:
Retained earnings balance at the beginning of the year $ 164,500
Cash dividends declared for the year $ 54,500
Proceeds from the sale of equipment $ 89,500
Gain on the sale of equipment $ 8,700
Cash dividends payable at the beginning of the year $ 26,500
Cash dividends payable at the end of the year $ 50,200
Net income for the year $ 100,500
What is the ending balance for retained earnings?
a) $265,000.
b) $210,500.
c) $293,000.
d) $191,000.
e) $269,300.
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