What are the retained earnings

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Reference no: EM133971381

Question

Inventory 9500. cash 16550. operating expense 1350. notes payable 25600. interset exoense 900. depreciation expense 1200. net sales 16000. account recivble 9600. account payable 4800. long term debt 55000. COGS 5750. building and equipment 145000. accumolated depreciation 26000. taxes paid for 2022 is 1440. common stock dividend paid 830. common stock 40000 what are the retained earnings on the 2022 income statement ?

Reference no: EM133971381

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