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What is the amount of wilmerding retained earnings

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Reference no: EM132826461

Use the incomplete Stockholders' Equity section of Wilmerding Company's balance sheet as of December 31, 2017, to answer the following question.

Common stock, $7 par, 100,000 shares authorized $ 700,000
Additional paid-in capital-common 160,000
Retained earnings ?
Treasury stock (2,000 shares at cost) (16,000)
Total stockholders' equity 974,000

Problem 1: What is the amount of Wilmerding's retained earnings?

a. $860,000
b. $130,000
c. $98,000
d. $114,000

Reference no: EM132826461

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