Zachary Corporations December 31, 2010 balance sheet included the following amounts: Cash ..................... $17,400 Retained earnings ................

Question:

Zachary Corporation’s December 31, 2010 included the following amounts:
Cash ..................... $17,400
Retained earnings ................ 103,600
Revenues .................... $ 673,900
Expenses .................... 587,100
Dividends .................. 34,200
Cash inflow from operating activities ........ $ 857,300
Cash outflow for investing activities ....... (994,500)
Cash inflow from financing activities ........ 156,600
Required:
Calculate the amount of cash and retained earnings at the end of 2011.
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...