Computation of Ending Retained Earnings For the following four cases, compute the ending amount of retained earnings. Caution: Not all of the items listed should be included in the computation of ending retained earnings.

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Case A Case B Case C Case D Capital stock $ 60,000 $ 30,000 $60,000 $110,000 Long-term loan payable 18,000 47,000 25,000 31,000 Dividends 3,000 4,500 2,100 6,000 Retained earnings (beginning) 50,000 15,000 31,000 70,000 Inventory 100,000 150,000 70,000 200,000 Cash 12,000 20,000 5,000 38,000 Net income (loss) 5,000 1,000 12,000 (10,000) Machinery 175,000 60,000 50,000 185,000