1. Calculate the ending balance of retained earnings for Conaughey Corp. given the below accounts for their fiscal year 2021: Accounts Payable 12,000 Notes Receivable 17,000 Accounts Receivable 9,000 Depreciation 13,000 Common Stock 8,000 Retained earnings. Cash 26,000 Beginning of year 18,000 Dividends 2,000 Salary Expense 24,000 Service Revenues 58,000 Supplies 1,000 Insurance Expense 4,000