Question 2: Prepare a balance sheet from the following information. What is retained earnings? Cash 50,000 Accounts Receivable 42,700 Accounts Payable 23,000 Short-term Notes Payable 10,500 Inventories 40.000 Gross Fixed Assets 1,280,000 Other Current Assets 5,000 Long-Term Debt 200,000 Common Stock 490,000 Other Assets 15,000 Accumulated Depreciation 312.000 Retained Earnings ?