Information for Limon Products Ltd. at the end of 2021, follows. Current Assets $900,000 Current Liabilities...

 

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Information for Limon Products Ltd. at the end of 2021, follows. Current Assets $900,000 Current Liabilities 400,000 Fixed Assets, Net 600,000 Investments 100,000 Long-Term Debt 500,000 Dividends Declared on Common Stock during the Year 50,000 Income Summary (income) 225,000 Retained Earnings, January 1, 2021 125,000 Common Stock 150,000 Premium on Common Stock I 250,000 Required: Find the ending balance in Retained Earnings as of December 31, 2021. Information for Limon Products Ltd. at the end of 2021, follows. Current Assets $900,000 Current Liabilities 400,000 Fixed Assets, Net 600,000 Investments 100,000 Long-Term Debt 500,000 Dividends Declared on Common Stock during the Year 50,000 Income Summary (income) 225,000 Retained Earnings, January 1, 2021 125,000 Common Stock 150,000 Premium on Common Stock I 250,000 Required: Find the ending balance in Retained Earnings as of December 31, 2021.