determined the new retained earnings

Cash Account receivable Inventory Net plant and equipment 100,000 150,000 210,000 450,000 Accruals Notes payable Long term debt Common stock Retained earnings TOTAL LIABILITIES & EQUITY 240,000 265,000 145,000 180,000 80,000 TOTAL ASSETS 910.000 910,000 i. Sales are expected to increase by 40 percent in 2021 to RM2,100,000. ii. The company is operating at full capacity. iii. Earnings after tax for the year is RM480,000 iv. The dividend currently paid was RM240,000