Calculate the retained earnings balance

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Reference no: EM13753301

Calculate retained earnings from the following data; calculate the retained earnings balance as of December 31, 2009:

Retained earnings, December 31, 2010 $841,200

Decrease in total liabilities during 2010 $183,200

Gain on the sale of buildings during 2010 $64,400

Dividends declared and paid in 2010 $18,000

Proceeds from sale of common stock in 2010 $197,600

Net income for the year ended December 31, 2010 $90,400

Reference no: EM13753301

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