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Starfish Company showed common stock of $180,000, preferred stock of $20,000 and retained earnings of $150,000 on its December 31, 2021 balance sheet. Starfish reported
Starfish Company showed common stock of $180,000, preferred stock of $20,000 and retained earnings of $150,000 on its December 31, 2021 balance sheet. Starfish reported in its financial statements on December 31, 2022: sales revenue service revenue unearned revenue $180,000 interest expense $90,000 $70,000 operating expenses $100,000 $60,000 prepaid expense $50,000. Starfish also declared and paid $15,000 in dividends. What was Starfish's retained earnings balance at December 31, 2022?
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