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Question 15 2 pts Prepare a balance sheet and income statement as of December 31, 2020 for Builtrite Inc., from the following information ? Inventory

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Question 15 2 pts Prepare a balance sheet and income statement as of December 31, 2020 for Builtrite Inc., from the following information ? Inventory $ 9,500 Common equity Cash 16,550 Operating expenses 1,350 Notes payable 25,600 Interest expense 900 Depreciation expense 1,200 (Not included in operating expenses) Net sales 16,000 Accounts receivable 9,600 Accounts payable 4,800 Long-term debt 55,000 Cost of goods sold 5,750 Buildings and Equipment 142,000 Accumulated Depreciation 26,000 1,440 Taxes paid for 2018 830 Common stock dividend paid Common Stock 40,000 . What are the retained earnings total for the end of 2019? $21,720 $20,120 O $18.780 O $17,860 Next

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