Consider the following account starting balances and transactions involving these accounts. Use T-accounts to record the starting balances and the offsetting entries for the transactions.

The starting balance of Cash is $9,700 The starting balance of Inventory is $3,800 The starting balance of Retained Earnings is $23,600

1. Sell product for $30 in cash with historical cost of $24 2. Sell, deliver, and receive payment of $40 for service 3. Consume good or service and pay expense of $2

What is the final amount in Retained Earnings?