Determine the current balance of retained earnings

Reference no: EM13762502

The following information has been taken from the ledger accounts of Isaac Stern Corporation

Total Income since incorporation$317,000
Total Cash Dividends pai d60,000
Total value of stock dividends distributed30,000
Gains on treasury stock transactions18,000
Unamortized discount of bonds payable32,000

Directions: Determine the current balance of retained earnings

Reference no: EM13762502

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