#4 Answer: Retained Earnings = 210,000.

Based on your answer to question #4, compute the total of Liabilities and Equity as of 12/31/2019. Show your work Account Type Date Amount Assets As of 12/31/2019 $ 450,000 Liabilities As of 12/31/2019 $ 240,000 Retained Earnings As of 1/1/2019 $ 160,000 Dividends $ 54,000 For the year of 2019 For the year of 2019 Revenue $ 200,000 Expenses For the year of 2019 $ 96,000