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Retained earnings, December 31, 2012$310,100Cost of equipment purchased during 201332,000Net loss for the year ended December 31, 20134,950Dividends declared and paid in 201317,800Decrease in cash

Retained earnings, December 31, 2012$310,100Cost of equipment purchased during 201332,000Net loss for the year ended December 31, 20134,950Dividends declared and paid in 201317,800Decrease in cash balance from January 1, 2013, to December 31, 201313,100Decrease in long-term debt in 201314,000

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