I would like to know ONLY the last answer the (Balance of Earnings Retained) ?

Cordell Incorporated experienced the following events in Year 1, its first year of operation: Received $55,000 cash from the issue of common stock. . Performed services on account for $77,000. Paid a $5,500 cash dividend to the stockholders. Collected $61,000 of the accounts receivable. Paid $55,000 cash for other operating expenses. Performed services for $16,500 cash. . Recognized $2,500 of accrued utilities expense at the end of the year. mmpwve Required 3. & c. Identify the events that result in revenue or expense recognition and those which affect the statement of cash flows. In the Statement of Cash Flows column, use 0A to designate operating activity, FA for nancing activity, or IA for investing activity. If the element is not affected by the event, leave the cell blank. b. Based on your response to Requirement a, determine the amount of net income reported on the Year 1 income statement. d. Based on your response to Requirement c, determine the amount of cash flow from operating activities reported on the Year1 statement of cash flows. e. What is the before- and after-closing balance in the service revenue account? f. What is the balance of the retained earnings account that appears on the Year 1 balance sheet? Complete this question by entering your answers in the tabs below. ll Complete this question by entering your answers in the tabs below. Req B and D Req A and C to F Based on your response to Requirement a, determine the amount of net income reported on the Year 1 income statement. Based on your response to Requirement c, determine the amount of cash flow from operating activities reported on the Year 1 statement of cash flows. What is the before- and after-closing balance in the service revenue account? What is the balance of the retained earnings account that appears on the Year 1 balance sheet? Show IessA b. Net income $ 36,000 Net cash ow from operating activities $ 22,500 Before-closing balance $ 93,500 Balance of retained earnings _ I After-closing balance _ f. Req A and C Req B and D to F Identify the events that result in revenue or expense recognition and those which affect the statement of cash flows. In the Statement of Cash Flows column, use OA to designate operating activity, FA for financing activity, or IA for investing activity. If the element is not affected by the event, leave the cell blank. (Enter cash outflows with a minus sign.) Event Revenue Expense Statement of Cash Flows 1 . $ 55,000 FA 2. 77,000 3. (5,500) FA 4. 61,000 OA 5. 55,000 (55,000) OA 6. 16,500 16,500 OA 7. 2,500