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From the information below I'm stuck trying to find the retained earnings and addition to retained earnings for my comprehensive income statement and statement of financial positioning.
Please provide explanation on how to find those 2 values
The following table presents the data for CanDo Inc. in as of December 31, 2015:
Accounts payable
$205,000
Accounts receivable
$108,000
Cash and cash equivalents
$133,000
CoGS
$219,200
Common stock
$1,231,000
Depreciation
$42,000
Dividend payout ratio
40%
Interest paid
$66,600
Inventory
$151,000
Long-term debt
$1,332,000
Net fixed assets
$2,931,000
Sales
$406,000
Short-term debt
$400,753
Tax rate
31%
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