Question: December 3 1 , Year 2 December 3 1 , Year 1 Accounts payable $ 9 , 0 0 0 $ 1 3 , 5

December 31,Year 2 December 31,Year 1
Accounts payable $9,000 $13,500
Cash 34,50030,000
Accounts receivable 63,00049,500
Land 60,00060,000
Building 375,000390,000
Equipment 64,50067,500
Mortgage payable 135,000150,000
Supplies 30,00027,000
Common stock 330,000330,000
Retained earnings ??

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