Question: Computing Retained Earnings and Preparing a Classified Balance Sheet The following data, in no particular order, are from the accounts of Brown Corp. as of



Computing Retained Earnings and Preparing a Classified Balance Sheet The following data, in no particular order, are from the accounts of Brown Corp. as of December 31 , its annual year-end. All amounts are accurate, all accounts have normal balances, and total debits equal total credits, and all amounts are in $ thousands; a. Compute the year-end balance of retained earnings. $ b. Prepare a classified balance sheet as of December 31 . Note: Do not use negative signs with any of your answers. E BusinessCourse Return to course Assets Current assets Property, plant, and equipment Intangible assets Other assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity c. Compute working capital on December 31.$ Accounts payable Accounts receivable Accumulated depreciation Allowance for doubtful accounts Bonds payable Cash Common stock Debt retirement fund Deferred revenue Dividends payable Equipment and furniture Income taxes payable
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