Dina Ghosh was rushing to a forecast for the coming year. She had assembled almost all of the data, but there were still a few blanks left on thepro formastatement.

What value did she put into the box for "Retained Earnings" on the 2022 forecast? What value did she put into the box for "Retained Earnings" on the 2022 forecast?

Income Statement 2021 2022 (f) Net Income 6,370 4,453 Balance Sheet 2021 2022 (f) Cash 1,782 1,800 Accounts Receivable 59,940 58,780 Inventory 93,975 92,365 Total Current Assets 155,697 152,945 Gross Fixed Assets 53,000 56,200 Less Accumulated Depreciation 34,000 36,100 Net Fixed Assets 19,000 20,100 Total Assets 174,697 173,045 Accounts Payable 59,070 58,058 Short-Term Debt 42,227 40,735 Total Current Liabilities 101,297 98,793 Long-term Debt 35,000 Paid-in Capital 32,000 Retained Eamings 6,400 Total Liabilities & Equity 174,697 Other Assumptions 2022 (f) Capital Expenditures Repayment of Long-Term Debt New Issuance of Stock 3,200 5,000 1,400