how do you find retained earnings? and what entries do you add and subtract to do so?

mework: HW2 1 of 17 (1 complete) e: 1.56 of 5 pts Problem 3-6 (similar to) arking with an income statement and balance sheet) Prepare a balance sheet.and income statement for Lieberman Inc. from the information in PCCUuu ouprecaon Data Table 88,765 S Net buildings and equipment 119,607 Total assets in order to copy its contents into a spreadsh (Click on the following icon omplete the part of the balance sheet below (Round to the neare Inventory Common stock $6,715 46,483 Lieberman, Inc. Balance Sheet (Cont'd) LIABILITIES AND EQUITY Cash 14,556 1,322 Operating expenses Short-term notes payable Interest expense Liabilities 701 Notes payable Accounts payable 701 S 779 4968 Depreciation expense 605 Sales 11,907 9,571 Total current liabilities Accounts receivable Long term debl 55547 Accounts payable 4,968 Long term debt Cost of goods sold 55,547 5,697 Total liabilities Equity Buildings and equipment Accumulated depreciation 123,284 34,519 Common stock Retained eamings 46483 Taxes 1,564 General and administrative expense 916 Total equity Retained earnings Total liabilities and equity Print Done Choose from any list or enter any number in the input fields and part remaining Clear All Type here to search