RELATIONSHIPS AMONG THE FINANCIAL STATEMENTS Zachary Corporation’s December 31, 2008 balance sheet included the following amounts:

Cash $ 23,400 Retained earnings 107,600 Zachary’s accountant provided the following data for 2009:

Revenues $ 673,900 Expenses 582,100 Dividends 34,200 Cash inflow from operating activities 875,300 Cash outflow for investing activities (994,500)

Cash inflow from financing activities 156,600 Required:

Calculate the amount of cash and retained earnings at the end of 2009.

Exercise