Cash Inventory Buildings Total assets Liabilities Accounts payable Stockholders' Equity Blue Spruce Corp. Balance Sheet Assets Liabilities and Stockholders' Equity Common stock Retained earnings Total liabilities and stockholders' equity Blue Spruce Corp. Income Statement Revenues Cost of goods sold Salaries and wages expense Net Income $ $84,900 (c) (10,130) (d) Blue Spruce Corp. Retained Earnings Statement Beginning retained earnings $19,700 Add: Net income (e) Less: Dividends (4,860) Ending retained earnings $34,700 $ 14,700 17,700 37,300 $69,700 $ 6,000 (a) (b) $69,700