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Calculate the retained earnings balance as of December 31, 2009.

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November 5th, 2022

Calculate retained earnings.

From the following data, calculate the retained earnings balance as of December 31, 2009.

Retained earnings, December 31,2010…………………………….$841,200
Decrease in total liabilities during 2010……………………….. 183,200
Gain on the sale of buildings during 2010……………………… 64,400
Dividends declared and paid in 2010………………………………..18,000
Proceed from sale of common stock in 2010….. ………… 197,600
Net income for the year ended December 31, 2010……………..90,400

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