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Golden Enterprises started the year with the following: Assets $129,000; Liabite: $43,500, Common Stack $73 500, Retaires Farnings $12,000. During the year, the company Garned

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Golden Enterprises started the year with the following: Assets $129,000; Liabite: $43,500, Common Stack $73 500, Retaires Farnings $12,000. During the year, the company Garned revenue af $6,000, all of which was received in casa, and incurred expenses of $3.900. all of which were unpad es of the end of the year. In addition, the company and dividends of $2,800 to owners Assume no other actites occurred during the year The amount of Galder's retained camnings at tha end of the year is: MSUI Chake $16 SOCI $12,00 $2800 $10.00

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