32. Sad Vikings Co. had the below account balances as of 12/31/19. Net income for the year ending 12/31/19 was $46,000, and dividends paid were $26,000. Beginning Retained Earnings as of 12/31/18 were $130,000.

1. Calculate the Ending Retained Earnings Balance as of 12/31/19.
2. Prepare a Balance Sheet as of 12/31/19 in proper format. Your balance sheet must balance (A=L+E) to be correct.

Additional Paid-in Capital				$ 15,000
Common Stock $1 par, 300,000 shs authorized,
140,000 shs issued, 130,000 shs outstanding				$ 140,000
Preferred Stock, $2 par, 40,000 shares outstanding				$ 80,000
Accounts Payable				$ 34,000
Accounts Receivable				$ 20,000
Accumulated Amortization				(12,000)
Accumulated Depletion				$ (17,000)
Accumulated Depreciation				$ (21,000)
Buildings				$ 315,000
Cash & Cash Equivalents				$ 34,000
Coal				$ 11,000
Copyrights				$ 21,000
Current Maturities of Long-Term Debt				$ 20,000
Utilities Payable				$ 26,000
Equipment & Autos				$ 66,000
Finished Goods Inventory				$ 17,000
Goodwill				$ 44,000
Interest Payable				$ 3,000
Land				$ 95,000
Long-Term Bonds Payable				$ 110,000
Long-Term Note Payable				$ 80,000
Minerals				$ 19,000
Other Accrued Liabilities Payable				$ 25,000
Patents				$ 9,000
Payroll Tax Withholding Payable				$ 5,000
Prepaid Insurance				$ 14,000
Raw Materials Inventory				$ 15,000
Short-term Investments				$ 22,000
Timber				$ 27,000
Trademarks				$ 13,000
Treasury Stock 10,000 shs				$ (10,000)
Wages Payable				$ 22,000
Work in Process Inventory				$ 8,000