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a . Beginning and ending Retained Earnings are $ 46 comma 000 $46,000 and $ 70 comma 000 $70,000, respectively. Net income for the period

a. Beginning and ending Retained Earnings are $ 46 comma 000

$46,000 and $ 70 comma 000

$70,000, respectively. Net income for the period is $ 61 comma 000

$61,000.

b.

Beginning and ending Plant Assets are $ 121 comma 500

$121,500 and $ 126 comma 500

$126,500, respectively.

c.

Beginning and ending Accumulated Depreciationlong dash

Plant Assets are $ 21 comma 500

$21,500 and $ 23 comma 500

$23,500, respectively.

d.

Depreciation Expense for the period is $ 14 comma 000

$14,000, and acquisitions of new plant assets total $ 30 comma 000

$30,000. Plant assets were sold at a $ 3 comma 000

$3,000 gain.

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