Gilkey Corporation began the year with retained earnings of $310,000.During the year, the company issued $420,000 of common stock, recorded expenses of $1,200,000, and paid dividends of $80,000.If Gilkey's ending retained earnings was $330,000, what was the company's revenue for the year?
A)$1,220,000
B)$1,300,000
C)$1,640,000
D)$1,720,000

Question

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The Answer of Gilkey Corporation began the year with retained earnings of $310,000.During the year, the company issued $420,000 of common stock, recorded expenses of $1,200,000, and paid dividends of $80,000.If Gilkey's ending retained earnings was $330,000, what was the company's revenue for the year?
A)$1,220,000
B)$1,300,000
C)$1,640,000
D)$1,720,000

Gilkey Corporation Began the Year with Retained Earnings of $310,000