Baker Company’s accounting records show a $42,100 balance in its Retained Earnings account on January 1, 2013. During the 2013 accounting cycle Baker earned $19,400 of revenue, incurred $9,800 of expense, and paid $500 of dividends. Revenues and expenses were recognized evenly throughout the accounting period.

Required

a. Determine the after-closing balance in the Retained Earnings account as of December 31, 2012.

b. Determine the before-closing balance in the temporary accounts as of December 31, 2013.

c. Determine the after-closing balance in the Retained Earnings account as of December 31, 2013.

d. Determine the balance in the Retained Earnings account as of June 30, 2013.