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6.4. Given the following information, how much does the change in retained earnings need to be if the beginning balance on retained earnings was
6.4. Given the following information, how much does the change in retained earnings need to be if the beginning balance on retained earnings was $1,000 to start? (Answer in dollars, but without cents.) Pro-Forma Balance Sheet Assets Liabilities & Owners Equity Cash 1,000 A/P 1,500 A/R 2,500 Note Payable 1,000 Inventory 2,000 Long Term Debt 4,000 Net Fixed Assets 5.000 Retained Earnings Total Assets $10,500 Total Liabilities & Equity
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