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from the above data, calculate the retained earnings balance as of December 31,2022. Note: enter decreases with a minus sign to indicate a negative financial
from the above data, calculate the retained earnings balance as of December 31,2022. Note: enter decreases with a minus sign to indicate a negative financial statement effect.
Retainedearnings,December31,2021Costofbuildingspurchasedduring2022NetLossfortheyearendedDecember31,2022Dividendsdeclaredandpaidin2022IncreaseincashbalancefromJanuary1,2022toDecember31,2022,100Increaseinlong-termdebtin2022$453,400104,50013,70028,30038,900 Required: From the above data, calculate the retained earnings balance as of December 31, 2022 . Note: Enter decreases with a minus sign to indicate a negative financial statement effect. Retained earnings, December 31,2021 Cost of buildings purchased during 2022 Net loss for the year ended December 31, 2022 Dividends declared and paid in 2022 Increase in cash balance from January 1,2022 to De Increase in long-term debt in 2022 Required: From the above data, calculate the retained earnings balanc Note: Enter decreases with a minus sign to indicate a nega Step by Step Solution
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