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Based on the following balance sheet accounts for X Corporation, what is retained earnings? Explain if you can Inventory $8,000 Accounts Receivable $5,000 Cash 10,000

Based on the following balance sheet accounts for X Corporation, what is retained earnings? Explain if you can Inventory $8,000 Accounts Receivable $5,000 Cash 10,000 Copyright 6,000 Auto 4,000 Capital Stock 15,000 Machinery 7,000 Accounts Payable 9,000 Taxes Payable 3,000 Mortgage Payable 10,000

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