Answer :
The amount of ending retained earnings is 39300$ if beginning retained earnings are $35,000, net income is $7,300 and dividends are $3,000.
The amount of profits the business keeps in the company is actually represented by Retained earnings. These retained earnings which are at the end of a particular accounting period is one called Ending retained earnings. In a company’s balance sheet both the ending as well as the beginning retained amount would be visible.
First, add the net income to the particular previous retained earnings and then subtract the net dividend amount. In this way, new retained earnings are calculated. At the end of each accounting period, the retained earnings are figured as monthly/quarterly/annually.
Here previous Retained earnings= $35,000, net income =$7300, net dividend amount=$3000
Therefore, ending retained earnings=(Net income+previous retained earnings)-net dividend amount
=(7300+35000)-3000
=39,300$
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