At December 31, 2017, Shorts Company had retained earnings of $2,184,000. During 2017, the

At December 31, 2017, Shorts Company had retained earnings of $2,184,000. During 2017, the

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 At December 31, 2017, Shorts Company had retained earnings of $2,184,000. During 2017, the company issued stock for $98,000, and paid dividends of $34,000. Net income for 2017 was $402,000. How much was the retained earnings balance at the beginning of 2017?






$2,454,000


 


$1,816,000


 


$2,552,000


 


$1,914,000

 
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