Blossom company began the year with retained earnings of $39. during the year, the company recorded revenues of $489000, expenses of $379000, and paid dividends of $44500. what was blossom retained earnings at the end of the year?
a) 489000
b) 455500
c) 533500
d) 833500

b) $455,500

Step-by-step explanation:

We have been given that Blossom Company began the year with retained earnings of $390000. During the year, the company recorded revenues of $489000, expenses of $379000, and paid dividends of $44500.

To find the retained earnings, we will use following formula.

Upon substituting our given values, we will get:

Therefore, the retained earnings at the end of the year was $455,500.

i think it is 20.00$

Step-by-step explanation: