Find retained earnings for 2022. What is the total amount of dividends paid in 2022? Sales...

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Find retained earnings for 2022. What is the total amount of dividends paid in 2022? Sales revenue Cost of goods sold Fixed Costs 750,000 360,000 80,000 Selling, General, and Admin Expenses 70,000 Depreciation 70,000 2021 Balance Sheet: Assets Cash Accounts Receivable Inventories Fixed Assets Accumulated Depreciation Intangible Assets 2022 Balance Sheet: Assets Cash Accounts Receivable Inventories Fixed Assets Accumulated Depreciation Intangible Assets 80,000 45,000 50,000 400,000 150,000 100,000 85,000 40,000 60,000 500,000 ????? 100,000 Liabilities Notes Payable Accounts Payable Long-Term Debt Owner's Equity Retained Earnings Common Stock Liabilities Notes Payable Accounts Payable Long-Term Debt Owner's Equity Retained Earnings Common Stock 35,000 40,000 250,000 50,000 150,000 35,000 30,000 280,000 ????? 120,000 Find retained earnings for 2022. What is the total amount of dividends paid in 2022? Sales revenue Cost of goods sold Fixed Costs 750,000 360,000 80,000 Selling, General, and Admin Expenses 70,000 Depreciation 70,000 2021 Balance Sheet: Assets Cash Accounts Receivable Inventories Fixed Assets Accumulated Depreciation Intangible Assets 2022 Balance Sheet: Assets Cash Accounts Receivable Inventories Fixed Assets Accumulated Depreciation Intangible Assets 80,000 45,000 50,000 400,000 150,000 100,000 85,000 40,000 60,000 500,000 ????? 100,000 Liabilities Notes Payable Accounts Payable Long-Term Debt Owner's Equity Retained Earnings Common Stock Liabilities Notes Payable Accounts Payable Long-Term Debt Owner's Equity Retained Earnings Common Stock 35,000 40,000 250,000 50,000 150,000 35,000 30,000 280,000 ????? 120,000

Answer rating: 100% (QA)

Requirement 1 Find retained earnings for 2022 Solution Accumulated Depreciation from 2021 Balance ... View the full answer