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K Happy Cows Farm, Inc., reported the following (incomplete) information in its records for 2010: 1. 2. (Click the icon to view the information.)

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K Happy Cows Farm, Inc., reported the following (incomplete) information in its records for 2010: 1. 2. (Click the icon to view the information.) If the sales revenue given is the only revenue for the year, what were the expenses for the year other than cost of go What is the balance of retained earnings at the end of 2010? + 1. If the sales revenue given is the only revenue for the year, what were the expenses for the year other than cost of goods sold? The expenses for the year other than cost of goods sold were $ 48,000. 2. What is the balance of retained earnings at the end of 2010? The retained earnings balance at the end of 2010 is $ 53,000. Data table Net income $ 7,000 Sales 100,000 Beginning balance-retained earnings 60,000 Cost of goods sold 45,000 Dividends declared and paid 14,000 Print Done - X

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