Question: Based on the following data and assuming that the common stock account balance is $54000, what is the balance in retained earnings? Accounts payable $83000

Based on the following data and assuming that the common stock account balance is $54000, what is the balance in retained earnings?

Accounts payable

$83000

Accounts receivable

60000

Cash

81000

Inventory

153000

Buildings

167000

Bonds payable

523000

Supplies

10800

Notes payable

64000

Equipment

354000

$248800

$184800

$155800

$101800

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