Question

The following information pertains to ABC Company.   Estimated net income for 2019 = $500 Beginning retained...

The following information pertains to ABC Company.  

Estimated net income for 2019 = $500

Beginning retained earnings, January 1, 2019 = $2,100

Estimated distributions to owners during 2019 = $300

What is the company's ending balance in retained earnings at the end of the year, December 31, 2019?

a.

$2,700

b.

$2,500

c.

$2,300

d.

$2,200

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