Question: At January 1 , 2 0 2 2 , Swifty Corporation reported Retained Earnings of $ 2 6 6 0 0 0 . During 2

At January 1,2022, Swifty Corporation reported Retained Earnings of $266000. During 2022, Swifty had a
net loss of $57000 and paid dividends to the stockholders of $38000. At December 31,2022, the balance in
Retained Earnings is
$266000 debit.
$209000 debit.
$228000 credit.
$171000 credit
At January 1,2022, Swifty Corporation reported Retained Earnings of $266000. During

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