Answer:
The company's revenue for the year is $1,950,000
Explanation:
In this question, we apply the retained earning equation which is shown below:
Ending retained earning balance = Beginning retained earning balance + net income - dividend paid
$495,000 = $465,000 + net income - $120,000
So, the net income = $150,000
Now we know that the net income = Revenue - expenses
So, $150,000 = Revenue - $1,800,000
So, the revenue = $1,950,000
