Question: From the data given below, calculate the retained Earnings balance of December 31, 2019. Retained earnings, December 31, 2020 Increase in total liabilities during 2020

From the data given below, calculate the retained Earnings balance of December 31, 2019. Retained earnings, December 31, 2020 Increase in total liabilities during 2020 Gain on the sale of buildings during 2020 Dividends declared and paid in 2020 Proceeds from sale of common stock in 2020 Net income for the year ended December 31, 2020 $345,000 99,000 42,000 27,000 96,000 123,000 Essay Toolbar navigation B I v S E 3333 . A . A

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