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

question 160

Multiple Choice

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