Question: Given the following information about Crane Sporting Goods, Inc., construct a balance sheet for June 30, 2017. On that date the firm had cash and

Given the following information about Crane Sporting Goods, Inc., construct a balance sheet for June 30, 2017. On that date the firm had cash and marketable securities of $25,135, accounts receivables of $43,758, inventory of $166,700, net fixed assets of $329,600, and other assets of $13,125. It had accounts payables of $67,855, notes payables of $36,454, long-term debt of $224,900, and common stock of $150,000. How much retained earnings did the firm have?

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