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E15-16 (Computation of Retained Earnings) The following information has been taken from the ledger accounts of Sampras Corporation. Total income since incorporation $287,000 Total cash
E15-16 (Computation of Retained Earnings) The following information has been taken from the ledger accounts of Sampras Corporation. Total income since incorporation $287,000 Total cash dividends paid 60,000 Total value of stock dividends distributed 40,000 Gains on treasury stock transactions 18,000 Unamortized discount on bonds payable 32,000 Instructions Determine the current balance of retained earnings
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