On May 1, 20x8, Grant Ltd. was formed by the sole shareholder investing 14,032 into the business. At December 31st, 20x9, the company had 324,753 of assets, 165,845 of liabilities, had earned a net income for 20x9 of 94,447, had declared dividends of 36,482 and paid dividends of 23,293. What was the opening retained earnings as at January 1, 20x9? Answer: 51,272 x (86,911) On May 1, 20x8, Grant Ltd. was formed by the sole shareholder investing 14,032 into the business. At December 31st, 20x9, the company had 324,753 of assets, 165,845 of liabilities, had earned a net income for 20x9 of 94,447, had declared dividends of 36,482 and paid dividends of 23,293. What was the opening retained earnings as at January 1, 20x9? Answer: 51,272 x (86,911)