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Business, 10.04.2020 20:29 tornadowolfcosplay

Grason Corporation is preparing a budgeted balance sheet for 2018. The retained earnings balance at December 31, 2017 was $533,500. The 2018 budgeted income statement shows expected net income of $112,000. The company expects to declare dividends during 2018 amounting to $40,000. The expected balance in retained earnings on the 2018 budgeted balance sheet is:a. $533,500.b. $605,500.c. $645,500.d. $493,500.e. $685,500.

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