Blue Bird Centre Lid (BBCL) reported the following data at March 31, 2020, with amounts in thousands (Click the icon to view the account balances.) 1 2. 3. Make the company's closing entries at March 31, 2020 A T-account for Retained Earnings has been opened for you Post to that account Compare the Retained Earings ending balance to the amount reported on BBCL's statement of retained earnings and balance sheet What do you find? Why is it important? u Post td Sunt repo Data Table - X Record d t Retained earnings March 31, 2019 $ 1,800 Cost of goods sold $ 121,000 Accounts receivable 28,200 Cash 1,500 Net revenues 180,000 Property and equipment, net 7,100 Total current liabilities 53,000 Share capital 27,500 All other expenses 49,000 Inventories 31,000 Other current assets 4,500 Long-term liabilities 10,000 Other assets 30,000 Dividends 0 The financial statements show the Retained Earnings ending balance at March 31, 2020, as $11,800 it Print Done