The Andrews company currently has the following balances in their equity accounts: Common Stock $14,880 Retained earnings $53,103 Suppose next year the Andrews company generates $46,300 in Net Profit, and declares and pays $16,000 in Dividends. What will Andrews ending balance in Retained Earnings be next year?
Select: 1
$61,180
$83,983
$83,403
$67,983