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A merchandiser uses a perpetual inventory system. The beginning Retained Earnings balance of the merchandiser...

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Accounting

A merchandiser uses a perpetual inventory system. The beginning Retained Earnings balance of the merchandiser was $130,000. During the year, Sales Revenue amounted to $80,000, Cost of Goods Sold was $45,000, and all other expenses totaled $10,000. The company declared and paid $27,000 as dividends. The ending balance of Retained Earnings would be ________.

A.) 128,000

B.) 155,000

C.) 182,000

D.) 130,000

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