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Retained earnings, December 31, 2019 Decrease in total liabilities during 2019 Gain on the sale of buildings during 2019 Dividends declared and paid in 2019

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Retained earnings, December 31, 2019 Decrease in total liabilities during 2019 Gain on the sale of buildings during 2019 Dividends declared and paid in 2019 Proceeds from sale of common stock in 2019 Net Income for the year anded December 31, 2019 $210,300 45,800 16,100 4,500 49,400 22,600 Required: From the above data, calculate the retained darnings balance as of December 31, 2018. (Enter decreases with a minus sign to Indicate a negative financial statement effect.) Answer is complete but not entirely correct. Statement of Stockholders' Equity (Partia) For Year Ended December 31, 2019 Retained earnings, December 31, 2018 $ 210,300 Add: Dividends 4,500 Less: Net Income 22,600 Retained earnings, December 31, 2019 $ 192 200

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