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At the beginning of the year,DON Company had: - total assets of $200,000 - total liabilities of $110,000 - retained Earnings of $50,000 - total
At thebeginningof the year,DON Company had: - total assets of $200,000 - total liabilities of $110,000 - retained Earnings of $50,000 - total shareholders' equity of $90,000 During the year DON: - earned net income of $75,000 - declared cash dividends of $30,000. At theendof the year, Acme had: - total assets of $300,000 - total shareholders' equity of $135,000 What was the total balancefor Retained Earnings at the end of the year?:
the answer is $95,000, will you show the work?
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