Financial data for Jades Jeans are given below. All figures are in dollars. Use this data to construct a Balance Sheet for the company for the year ending December 31, 2016 and use your constructed statement to answer the following 5 questions (i.e., 11 through 15). NOTE: Not every item in the list below belongs on the balance sheet you have to use some given data to determine needed accounts for the balance sheet. However, other than what is listed and/or can be derived, there are no other accounts on Jades balance sheet - use cash as a plug figure to balance the balance sheet.

Accounts payable 1,028,700

Accruals 462,300

Accumulated depreciation 2,235,000

Additional paid in capital 18,179,000

Beginning of year inventory 8,456,000

Common stock ($1.60 par value) 16,200,000

Cost of goods sold 71,729,000

Current portion of Long-term debt 3,330,000

Gross accounts receivable 2,875,000

Gross fixed assets 83,159,600

Long-term debt (excluding current portion) 45,743,000

Purchases 74,384,000

Retained earnings 10,008,000

Returns and allowances 21,000

Short-term bank loan 368,700

Cash ???

11. What did Jades Jeans record as Total Current Assets on December 31, 2016 balance sheet?

12. What did Jades Jeans record as Total Current Liabilities on December 31, 2016 balance sheet?

13. What did Jades Jeans record as Total Assets on December 31, 2016 balance sheet?

14. What was Total Shareholders Equity on Jades Jeans December 31, 2016 balance sheet?

15. Jades Jeans Company reported net income for 2016 of $7,520,000 and the company paid dividends of $0.28 per share in 2016. Given this information (along with the data provided above), compute what Jades Jeans Company reported as retained earnings on its December 31, 2015 balance sheet? (Assume that no additional shares of stock were issued between December 31, 2015 and December 31, 2016).