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Calculate the retained earnings

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Reference no: EM13861290

Super shop had a retained earnings balance of $1000 on December 31, 2010. For year 2011, sales were 14,000 and expenses were 7500. Cash dividends of 1000 were declared and distribute it on December 31, 2011. What was the amount of retained earnings on December 31, 2011?

Calculate the retained earnings. Begin by selecting the formula, then enter the amounts and calculate the retained earnings at December 31, 2011. Leave unused sells blank.

Reference no: EM13861290

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