Score: 1.570, 1.5 E4-24A (similar to) Question Hel The account balances for Wholesome Food, Inc., for the year ended August 31, 2018, are presented below in random order: (Click the icon to view the account balances listing.) Net income for the year amounted to $79,950 Read the requirement Before we prepare the balance sheet, let's determine the ending balance in the Retained earnings accounts. Start by selecting the and then enter the amounts to calculate ending retained earnings. Beginning retained earnings Ending retained earings Choose from any drop-down list and then click Check Answer. Clear All Check Answer 3 parts remaining op o account balances for Wholesome Food, Inc., for the year ended August 31, 2018, are presented below in random order: (Click the icon to view the account balances listing.) tincome for the year amounted to $79,950 ad the requirement fore we prepare the balance sheet, let's determine the ending balance in the Retained earnings accounts. Start by selecting the formula then enter the amounts to calculate ending retained earnings eginning retained earnings + Ending retained earnings 0 Data Table - Cash $ $ 130,800 12,300 2,800 275,000 4,500 Equipment Accounts payable Common stock Long-term notes payable General expenses Salaries payable Supplies Building Estimated refund liability Prepaid rent Interest expense Retained earnings 4.700 Cost of goods sold 32,000 Accumulated depreciation, 3,200 equipment 25.000 Uneamed revenues 30.000 Sales revenue 19,800 Accounts receivable 3,500 Accumulated depreciation 2.400 building 140,000 Mortgage payable (long-term) 3,300 Dividends 1,300 Estimated inventory returns 950 Selling expenses 27.350 Inventory 35,600 26,000 58.000 2,700 43,500 3,400 Print Done ? ose from any drop-down list and then click Check Answer arts emaining Clear All Check