Question: Based on the following data and assuming that the common stock account balance is $51000, what is the balance in retained earnings? Accounts payable $87000

Based on the following data and assuming that the common stock account balance is $51000, what is the balance in retained earnings?

Accounts payable $87000

Accounts receivable 66000

Cash 80000

Inventory 137000

Buildings 161000

Bonds payable 512000

Supplies 9200

Notes payable 62000

Equipment 349000

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