Question: Retained earnings, December 31, 2020 Net decrease in total assets during 2020 Net increase in accounts receivable in 2020 Dividends declared and paid in 2020

Retained earnings, December 31, 2020 Net decrease in total assets during

Retained earnings, December 31, 2020 Net decrease in total assets during 2020 Net increase in accounts receivable in 2020 Dividends declared and paid in 2020 Proceeds from issuance of bonds during 2020 Net loss for the year ended December 31, 2020 $ 563,960 86,020 19,780 77,280 203,320 52,900 Required: From the above data, calculate the Retained Earnings balance as of December 31, 2019: Retained earnings

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