i need to know whats the retained earnings

Exercise 12-7 (Algo) Various transactions relating to trading securities; financial statement effects 1,123] Rantrow-Lear Company buys and sells debt securities expecting to earn profits on short term dilferences in price, and holds these invesiments in its irading The company's fiscal year ends on December 31 . The following selected transactions relating to Rantzow Lear's trading account occurred during December the first week of 2025. Decenher 17, 2624 Purchased 185 Grocers* Sopply Corporation bonds at par for $142,500. Decenher 28, 2024 Recelved interest of 55 , te0 froe the Grocers' 5 Supply Corporaticn bohds. Jancary 5,2025 Sold the Grocers' Supply Corporation bond for \$527, 250. Required: 1. Prepare the appropriate joumal entry or entries for each transaction 2. Indicate any amounts that Rantzow Lear Company would report in its 2024 balance sheet and income statement as a result of this irvestment grorer taxes. Indicate any amounts that Rantzow-Lear Company woild report in its 2024 balance sheet and income statement as a result of this investment. Ignore income taxes