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Calculate the following question and show your calculations: During 2020, Mayer Corporation had Revenues of $525,000 and Expenses of S423,000 and declared cash dividends of

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Calculate the following question and show your calculations: During 2020, Mayer Corporation had Revenues of $525,000 and Expenses of S423,000 and declared cash dividends of $22,000, Retained Earnings on January 1, 2020 was $210,000. Calculate the balance in Mayer's Retained Earnings on December 31, 2020 Format RII A E Question 9 (2 points)

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