At december 31, 2014, shorts company had retained earnings of $2,184,000. during 2014, the company issued stock for $98,000, and paid dividends of $34,000. net income for 2014 was $402,000. how much was the retained earnings balance at the beginning of 2014?

The retained earnings balance at the beginning of 2014 is $1,816,000

Explanation:

In this question, we have to apply the ending retained earning formula which is shown below:

The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid

$2,184,000 = Beginning balance of retained earnings + $402,000 - $34,000

$2,184,000 = Beginning balance of retained earnings + $368,000

So, the Beginning balance of retained earnings would  equal to

= $2,184,000 -  $368,000

=  $1,816,000

HA: FOR BRAINLEIST

Explanation: