Lori Corporation reported the following information for the year ended December 31, 2016: $\begin{array}{lr}
\text { Net income } & \$ 10,000 \
\text { Dividends } & 6,000 \
\text { Retained earnings at December } 31,2016 & 25,000
\end{array}$ ? What was the balance of Lewis' retained earnings at January 1, 2016?
A) $21,000
B) $29,000
C) $31,000
D) $35,000

Question

Quizplus · Accepted Answer

The Answer of Lori Corporation reported the following information for the year ended December 31, 2016: $\begin{array}{lr}
\text { Net income } & \$ 10,000 \
\text { Dividends } & 6,000 \
\text { Retained earnings at December } 31,2016 & 25,000
\end{array}$ ? What was the balance of Lewis' retained earnings at January 1, 2016?
A) $21,000
B) $29,000
C) $31,000
D) $35,000

Lori Corporation Reported the Following Information for the Year Ended