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 followingdata, in no particular order, are from the accounts of Brown Corp.

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 $ millions. a. Compute the year-end balance of retained earnings. $ million b. Prepare a classified balance sheet as of December 31 . Note: Do not use negative signs with any of your answers. c. Compute working capital on December 31. million

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