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12/31/2016 12/31/2017 $265,000 $295,000 $100,000 $110,000 Assets Liabilities Capital Stock Retained Earnings ?$130,000 The above data is for Richard's Bait Shop. During 2017, Richard's net
12/31/2016 12/31/2017 $265,000 $295,000 $100,000 $110,000 Assets Liabilities Capital Stock Retained Earnings ?$130,000 The above data is for Richard's Bait Shop. During 2017, Richard's net income was $18,000 and $5,000 in dividends were paid out. The firm does not hold any Treasury Stock. Calculate the Capital Stock balance at the end of December 2016
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