As of December 31, Year 3, Flowers Company had total assets of $200,000, total liabilities of $60,000, and common stock of $100,000. The companys Year 3 income statement contained revenue of $36,000 and expenses of $21,000. The Year 3 statement of changes in stockholders equity stated that $3,000 of dividends were paid to investors. Required a. Determine the before-closing balance in the Retained Earnings account on December 31, Year 3. b. Determine the after-closing balance in the Retained Earnings account on December 31, Year 3.

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• Req A and B
• Req C and D
• Req F

Determine the before-closing balance and the after-closing balance in the Retained Earnings account on December 31, Year 3.

a.	Retained earnings before-closing
b.	Retained earnings after-closing

c. Determine the before-closing balances in the Revenue, Expense, and Dividend accounts on December 31, Year 3. d. Determine the after-closing balances in the Revenue, Expense, and Dividend accounts on December 31, Year 3. f. On January 1, Year 4, Flowers Company raised $50,000 by issuing additional common stock. Immediately after the additional capital was raised. Flowers reported total stockholders' equity of $190,000. Are the stockholders of Flowers in a better financial position than they were on December 31, Year 3?