Beta Company was founded in 20013. Its yearly earnings and dividend payments are shown here:       2013:  Net income of $4,000, paid zero dividends      2014:  Net income of $20,000, paid $10,000 dividends     2015:  Net income of $8,000, paid $5,000 dividends 2016:  Net loss of $22,000, paid zero dividends At the end of 2016, what would be the balance in Retained earnings?

Question

2. Beta Company was founded in 20013. Its yearly earnings and dividend payments are shown here:

      2013:  Net income of $4,000, paid zero dividends

     2014:  Net income of $20,000, paid $10,000 dividends

    2015:  Net income of $8,000, paid $5,000 dividends

2016:  Net loss of $22,000, paid zero dividends

At the end of 2016, what would be the balance in Retained earnings?

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