1)parker company has a balance of $24,000 in retained earnings on january 1. during the year, parker reported revenues of $73,000 and expenses of $59,000. parker also paid a dividend of $10,000.required:what is the amount of retained earnings on december 31?

2)The Fundamental Accounting Equation

Financial information for three independent cases is given below.

Required:

Compute the missing numbers in each case.

	Assets			Liabilities			Equity
1.	$112,300			$			$51,100
2.	274,000			162,300
3.				15,000			43,200