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Lucky Worldwide Travel Services, Inc. had Retained Earnings on November 30, 2012 of $2,562,058. Net Income for the month of December 2012 was $221,118. Also,
Lucky Worldwide Travel Services, Inc. had Retained Earnings on November 30, 2012 of $2,562,058. Net Income for the month of December 2012 was $221,118. Also, in December, the following additional transactions took place:
Dividends were paid out to shareholders in the amount of $102,997. 10,000 new shares of common stock were sold at $19 per share. Principal on the auto loan was paid in the amount of $4,662
What was Lucky's Retained Earnings Balance on December 31, 2012
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