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The following information has been taken from the ledger accounts of Teal Corporation. Total income since incorporation $313,000 Total cash dividends paid 56,000 Total value
The following information has been taken from the ledger accounts of Teal Corporation.
Total income since incorporation | $313,000 | |
Total cash dividends paid | 56,000 | |
Total value of stock dividends distributed | 32,000 | |
Gains on treasury stock transactions | 20,000 | |
Unamortized discount on bonds payable | 32,000 |
Determine the current balance of retained earnings.
Current balance of retained earnings $$?? |
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