For Year 1, the Sacramento Corporation Had Beginning and Ending

Multiple Choice

For Year 1, the Sacramento Corporation had beginning and ending Retained Earnings balances of $151,900 and $201,400 respectively. Also during Year 1, the corporation declared and paid cash dividends of $20,600 and issued stock dividends valued at $16,000. Total expenses were $37,416. Based on this information, what was the amount of total revenue for Year 1?

A) $143,384
B) $107,516
C) $123,516
D) $131,300