Question

From the following data, calculate the Retained Earnings balance as of December 31, 2010:
Retained earnings, December 31, 2011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $490,400
Net decrease in total assets during 2011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 74,800
Net increase in accounts receivable in 2011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17,200
Dividends declared and paid in 2011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67,200
Proceeds from issuance of bonds during 2011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 176,800
Net loss for the year ended December 31, 2011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46,000



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  • CreatedMarch 14, 2012
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