From the Following Information, Determine the Beginning Balance in the Retained

Multiple Choice

From the following information, determine the beginning balance in the Retained Earnings account. $\begin{array}{ll}\text { Dividends } & \$ 8,000 \\\text { Ending Retained Earnings } & 24,000 \\\text { Net Income } & 14,000 \\\text { Paid- in Capital, beginning } & 29,000 \\\text { Paid-in Canital ending } & 26,000\end{array}$

A) $\$ 18,000$
B) $\$ 46,000$
C) $\$ 2,000$
D) None of these answersis correct.