Question
Please use the information below to complete the attached balance sheet. Prepare a Balance Sheet using the following financial information. The 2017 numbers are provided
Please use the information below to complete the attached balance sheet.
Prepare a Balance Sheet using the following financial information. The 2017 numbers are provided for you and you will use those to determine the 2018 numbers.
1) Cash increased $19,200.
2) Accounts Receivables decreased $3,400
3) Inventory increased $5,600
4) Prepaid expenses were reduced by $2,200
5) Increased short term investments by $7,800
6) Increased Long term investments by $26,000
7) Increased Property, Plant, and Equipment by $13,800
8) Accumulated depreciation increased by $3,000
9) Increased intangible assets by $4,900
10) Deferred income tax increased by $3,100
11) Increased other assets by $2,900
12) Increased Accounts Payable by $8,500.
13) Short term loans increased by $5,800
14) Income tax payable increased by $3,700
15) Wages Payable increased $8,600
16) Unearned Revenue increased by $15,400
17) Current portion of Long term debt increased by $3,600
18) Long term debt increased by $5,700
19) Deferred income tax increased by $3,200
20) Other long term liabilities increased by $2,900
*** Based on the Accounting Equation, how much did retained earnings increase by?
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