Refer to Practice 20-5. Assume that the detailed information listed in Practice 20-5 is not available. Instead,

Question:

Refer to Practice 20-5. Assume that the detailed information listed in Practice 20-5 is not available. Instead, the company only knows that the beginning inventory for 2011 is $150 using LIFO and $220 using FIFO. Show the retained earnings computation for 2011 that would be included in the statement of stockholders’ equity for the year.