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Can u show steps to calculate Given the following information about a corporation's current year activities, compute the retained earnings for the current year. Retained

image text in transcribedCan u show steps to calculate
Given the following information about a corporation's current year activities, compute the retained earnings for the current year. Retained earnings, December 31 (prior year) $250,000 Cost of goods sold $90,000 Other operating expenses $54.000 Cash dividends $30.800 Correction of understatement of net income in prior period (inventory error) $23.000 Stock dividends $20,000 $36,000 Net income

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