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Posted: October 29th, 2022
Retained earnings, December 31, 2013
From the following data: Retained earnings, December 31, 2013$349,500 Cost of buildings purchased during 201442,600 Net income for the year ended December 31, 201456,700 Increase in cash balance from January 1, 2014, to December 31, 201423,600 Increase in long-term debt in 201445,700 Required:Calculate the Retained Earnings balance as of December 31, 2014.Retained Earnings: $___________
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