The balance sheet items of Kiner Company as of December 31, current year, follow in random order.

Land	$	80,000	Office equipment	$	12,000
Accounts payable		50,000	Building		250,000
Accounts receivable		50,000	Capital stock		75,000
Cash		40,000	Notes payable		200,000
			Retained earnings		?

a. Compute the amount for Retained earnings.

b. Prepare a balance sheet for the company.

Prepare a balance sheet for the company.

KINER COMPANY
Balance Sheet
December 31, Current Year
Assets		Liabilities & Owners' Equity
		Liabilities:
		Total liabilities
		Owners equity:
Total		Total