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Question 13 1 pts On December 31 of year 1, Acme Company had assets of $148,096, liabilities of $95,183, and capital stock of $30,645. During
Question 13 1 pts On December 31 of year 1, Acme Company had assets of $148,096, liabilities of $95,183, and capital stock of $30,645. During year 2, Acme earned revenues of $45,742 and incurred expenses of $33,819. During year 2 the firm declared and paid Dividends amounting to $2,854. Compute the company's retained earnings (the total amount in the books) on December 31 of year 2
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