Reference no: EM132651687
Question - A9-jY Corporation reported the following account balances at December 31, 2029:
Depreciation Expense $14,000
Copyright $16,000
Gain on Sale of Building $18,000
Dividends $19,000
Utilities Payable $20,000
Rental Revenue $23,000
Income Tax Expense $24,000
Cash $28,000
Utilities Expense $31,000
Accumulated Depreciation $32,000
Supplies $33,000
Retained Earnings $41,000 (at January 1, 2029)
Unearned Revenue $42,000
Cost of Goods Sold $43,000
Accounts Receivable $44,000
Accounts Payable $49,000
Land $56,000
Notes Payable $60,000
Inventory $64,000
Common Stock $72,000
Equipment $79,000
Sales Revenue $94,000
Required - Find the retained earnings balance at December 31, 2029?