he following data, in no particular order, are from the accounts of Brown Corp. as of December 31, its annual year-end. All amounts are accurate, all accounts have normal balances, and total debits equal total credits, and all amounts are in $ thousands.

Description	Amount	Description	Amount
Accounts payable (trade)	$11,200	Deferred revenue	$2,800
Debt retirement fund (long-term)	5,600	Cash dividends payable	7,000
Accounts receivable	23,800	Inventory	42,000
Income taxes payable	5,600	Land held for future business site	25,200
Short-term investments, marketable securities		Equipment and furniture	98,000
(cost approximate fair value)	14,000	Net income	49,000
Bonds payable (long-term)	71,400	Dividends (cash) declared (a debit)	4,200
Accumulated depreciation, equipment and furniture	8,400	Prepaid expenses (short-term)	1,400
Common stock, par $1 (500,000 shares authorized)	98,000	Patent	5,600
Cash	28,000	Prepaid rent (long-term)	2,800
Retained earnings, December 31, prior year	23,800	Investment in stock of Zinc Inc. (long-term)	36,400
Allowance for doubtful accounts	2,800	Paid-in capital in excess of parCommon	7,000

a. Compute the year-end balance of retained earnings. $Answer

b. Prepare a classified balance sheet as of December 31. Note: Do not use negative signs with any of your answers.