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Calculate the revenue for the year ending december 31 2016 based on the information given below -

Calculate the revenue for the year ending december 31 2016 based on the information given below

Question: Calculate the revenue for the year ending December 31, 2016, based on the information given below.

2016    2017

Retained earnings, January 1    $14,500             $ X

Revenue for the year        Y            48,500

Expenses for the year        44,800            42,700

Dividends paid            3,500            5,700

The ending balance of retained earnings on December 31, 2017, is $18,500.

$15,400

$18,400

$33,800

$52,200

 

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