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Karandeep Singh Baath: Attempt 1 Question 1 (1 point) XYZ Inc had credit balance in retained earnings on Dec 31, 2020 of $48000. During 2021.

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Karandeep Singh Baath: Attempt 1 Question 1 (1 point) XYZ Inc had credit balance in retained earnings on Dec 31, 2020 of $48000. During 2021. XYZ recorded $146000 and declared and paid dividends of $47000. During 2022, The company recorded a loss of $15000. No dividends declared or paid in 2022. What is the balance in Retained earnings at Dec 31 2022

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