The Income Statement for the Month of June, 2014 of Taylor

Multiple Choice

The income statement for the month of June, 2014 of Taylor Enterprises contains the following information: At June 1, 2014, Taylor reported Retained Earnings of ₤35,000. The company paid no dividends during June. At June 30, 2014, the company will report Retained Earnings of

A) ₤35,000.
B) ₤43,000.
C) ₤38,900.
D) ₤31,100.