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Calculate the retained earnings on December 31, 2025? Sheridan Supply Company compiled the following financial information as of December 31, 2025: Service revenue $1156000 Common

Calculate the retained earnings on December 31, 2025?

Sheridan Supply Company compiled the following financial information as of December 31, 2025: Service revenue $1156000 Common stock 236000 Equipment 325000 Salaries and wages expense 392000 Rent expense 98000 Depreciation expense 490000 Cash 275000 Dividends 79000 Supplies 44000 Accounts payable 150000 Accounts receivable 101500 Retained earnings, 1/1/2025 262500

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