Gilkey corporation began the year with retained earnings of $310,000. during the year, the company issued $420,000 of common stock, recorded expenses of $1,200,000, and paid dividends of $80,000. if gilkey’s ending retained earnings was $330,000, what was the company’s revenue for the year?

what was the company’s revenue for the year?

Revenue ___1300000  

Explanation:

Retained earnings310000  

Expenses1200000  

Endind retained earnings330000  

Beginning Retained earnings_310000  

Paid dividens-80000  

Net incomex100000

Ending retained earnings_330000  

Net income_100000  

Revenue ___1300000  

Expenses___-1200000  

Net Income__100000  

Explanation:

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