Question: Please use the information below to complete the attached balance sheet. Prepare a Balance Sheet using the following financial information. The 2017 numbers are provided

Please use the information below to complete the attached balance sheet.

Prepare a Balance Sheet using the following financial information. The 2017 numbers are provided for you and you will use those to determine the 2018 numbers.

1) Cash increased $19,200.

2) Accounts Receivables decreased $3,400

3) Inventory increased $5,600

4) Prepaid expenses were reduced by $2,200

5) Increased short term investments by $7,800

6) Increased Long term investments by $26,000

7) Increased Property, Plant, and Equipment by $13,800

8) Accumulated depreciation increased by $3,000

9) Increased intangible assets by $4,900

10) Deferred income tax increased by $3,100

11) Increased other assets by $2,900

12) Increased Accounts Payable by $8,500.

13) Short term loans increased by $5,800

14) Income tax payable increased by $3,700

15) Wages Payable increased $8,600

16) Unearned Revenue increased by $15,400

17) Current portion of Long term debt increased by $3,600

18) Long term debt increased by $5,700

19) Deferred income tax increased by $3,200

20) Other long term liabilities increased by $2,900

*** Based on the Accounting Equation, how much did retained earnings increase by?

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