Calculate the retained earnings balance

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Reference no: EM131292440

Refer to the data below. Retained earnings, December 31, 2016 $ 692,800 Cost of buildings purchased during 2017 83,600 Net income for the year ended December 31, 2017 113,800 Dividends declared and paid in 2017 65,000 Increase in cash balance from January 1, 2017, to December 31, 2017 46,000 Increase in long-term debt in 2017 89,200 Required: From the above data, calculate the Retained Earnings balance as of December 31, 2017:

Retained Earnings:

Reference no: EM131292440

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