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Myers Company has Retained Earnings of $(2,000) at the end of March, 2020 (i.e., a Retained Deficit). During the month of April, Myers has revenues
Myers Company has Retained Earnings of $(2,000) at the end of March, 2020 (i.e., a Retained Deficit). During the month of April, Myers has revenues of $72,000 and total operating expenses of $54,000. Myers also declares and pays dividends of $7,000 on April 30. What is Myers Company's ending balance of Retained Earnings on April 30?
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