Determine Retained Earnings as of 12/31/2022

All

All balances are as of 12/31/2022 unless specified other%'ise Loss on the Sale of Equipment Short Term Investments Retained Earnings, 1/1/22 Goodwill Common Stock Cash Accumulated Depreciation Notes Payable, due 12/31/24 Furniture Equipment Operating Expenses 62,250 1,600 281,000 60,000 70,000 60,000 104,500 83,000 372,600 43,000 Income Tax Expense Inventory Gain on Sale of Equipment Cost of Goods Sold Notes Payable, due 5/1/23 Sales Revenue Dividends Prepaid Expenses Wages Payable Accounts Receivable Accounts Payable 48,760 97,500 27,500 204,000 12,500 447,500 10,000 2,500 28,000 42,000 36,000