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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.

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

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