At the beginning of the year, a company's balance sheet reported the following balances: Total Assets = $210,000; Total Liabilities = $26,320: Total Paid-in capital of $61,430; and Retained earnings = $122,250. During the year, the company reported revenues of $53,650
and expenses of $35,100. In addition, dividends for the year totaled $23,400. Assuming no other changes to Retained earnings, the balance
in the Retained earnings account at the end of the year would be:

The master manufacturing company has just announced a tender offer for its own common stock. master is offering to buy up to 100% of the company's stock at $20 per share contingent on at least 64% of the outstanding shares being tendered. after the announcement of the offer, the stock closed on the nyse up 2.50 at $18.75. a customer has 100 shares of master stock in his cash account. the customer tells you that he wishes to "cash out" his position. you should recommend that the customer: