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Information for Limon Products Ltd. at the end of 2021, follows. Current Assets $900,000 Current Liabilities 400,000 Fixed Assets, Net 600,000 Investments 100,000 Long-Term Debt
Information for Limon Products Ltd. at the end of 2021, follows. Current Assets $900,000 Current Liabilities 400,000 Fixed Assets, Net 600,000 Investments 100,000 Long-Term Debt 500,000 Dividends Declared on Common Stock during the Year 50,000 Income Summary (income) 225,000 Retained Earnings, January 1, 2021 125,000 Common Stock 150,000 Premium on Common Stock 250,000 Required: Find the ending balance in Retained Earnings as of December 31, 2021.
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