What is Fernandez Company's ending retained earnings balance for the year?

A) $4,135,000
B) $4,210,000
C) $3,510,000
D) $4,260,000

Retained Earnings

The portion of net income that is not distributed to shareholders as dividends but is kept by the company for reinvestment.

Fiscal Year

A fiscal year is a 12-month period used for accounting purposes, often not aligning with the calendar year, to report financial performance.

Ledger

A comprehensive collection of a company's financial accounts, where all transaction data is recorded, including debits and credits.