Question: Based on the following data and assuming that the common stock account balance is $48000, what is the balance in retained earnings? $79000 Accounts payable

Based on the following data and assuming that the common stock account balance is $48000, what is the balance in retained earnings? $79000 Accounts payable Accounts receivable Cash 50000 88000 131000 155000 Inventory Buildings Bonds payable 512000 8100 Supplies Notes payable 66000 Equipment 365000 $237100 $171100 $140100 $92100

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