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From the information provided, determine:
1.) The amount of retained earnings at December 31 and
2.) The amount of revenues for the period.
1.)Expenses for the period were $55,000;
2.) Dividends paid were $9,000;
3.) Capital stock increased by $20,000 during the period.
TOTALS JANUARY - DECEMBER 31
Current assets $15,000 - $25,000All other assets 240,000 - 220,000Liabilities 125,000 - 85,000Capital stock 70,000 - ?Retained earnings 60,000 - ?
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