From the following data, calculate the retained earnings balance as of December 31, 2021: Retained earnings, December
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From the following data, calculate the retained earnings balance as of December 31, 2021:
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Retained earnings, December 31, 2022. Decrease in total liabilities during 2022. Gain on the sale of buildings during 2022. Dividends declared and paid in 2022. Proceeds from sale of common stock in 2022. ... Net income for the year ended December 31, 2022... $630,900 137,400 48,300 13,500 148,200 67,800
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