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64. The accountant for Taryn Corporation prepared the following list of account balances from the companys records for the year ended December 31, 2017: Sales

64.

The accountant for Taryn Corporation prepared the following list of account balances from the companys records for the year ended December 31, 2017:

Sales revenue

$165,000

Cash

$ 30,000

Accounts receivable

14,000

Selling expenses

44,000

Equipment

42,000

Common stock

41,000

Accounts payable

12,000

Interest income

3,000

Salaries and wages expense

40,000

Cost of sales

51,000

Inventories

22,000

Prepaid expenses

2,000

Income taxes payable

5,000

Income taxes expense

18,000

Notes payable

20,000

Retained earnings

?

Read the information for Taryn Corporation and determine the following amounts.

A) The balance of retained earnings at the end of 2017.
B) The total stockholders equity at the end of 2017. ___________________________
C) Name the two events that might cause stockholders equity to increase.

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