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How to find retained earnings from this information: They gave us this table: Cash 50,853 Accounts receivable 42,848 Accounts payable 23,789 Short-term notes payable 10,852

How to find retained earnings from this information:

They gave us this table:

Cash 50,853

Accounts receivable 42,848

Accounts payable 23,789

Short-term notes payable 10,852

Inventories 40,893

Gross fixed assets 1,280,715

Other current assets 5,891

Long-term debt 200,037

Common stock 490,654

Other assets 15,257

Accumulated depreciation 311,960

Retained earnings ?

They gave us a baance sheet for Assets which I filled out:

Balance Sheet

ASSETS

Cash $50,853

Accounts receivable 42,848

Inventories 40,893

Other current assets 5,891

Total current assets $140,485

Gross fixed assets $1,280,715

Accumulated depreciation (311,960)

Net fixed assets $968,755

Other assets 15,257

Total assets $1,124,497

They also gave us a balance sheet for liabilities and this is where I'm stuck at because I don't know how to find retained earnings

Balance Sheet (Cont'd)

LIABILITIES AND EQUITY

Liabilities

Accounts payable $23789

Short-term notes payable 10852

Total current liabilities $34641

Long-term debt 200037

Total liabilities $234678

Equity

Common stock $490654

Retained earnings (This is where I am stuck) PLEASE EXPLAIN "HOW " you found retained earnings as if explaining it to a kindergardener and don't assume I know these difficult terms. I am a beginner. And I need this explained to me thouroughly. Thank you

Total equity $

Total liabilities and equity $

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