Question: Wouldn't retained earnings from the year before need to be considered to answer this question? Not shown the on the screen but the question is.

Wouldn't retained earnings from the year before need to be considered to answer this question? Not shown the on the screen but the question is.

"How much did ShitIT Transportation Inc. earn during the year ended in December 31, 2016? Prepare a T-account for retained earnings to show the December, 31, 2016 balance of retained earnings.

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