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The following information is found on the adjusted trial balance of [YOUR NAME] company as of 12/31/2020: Debit Credit Sales Revenue $580,000 Sales Returns and
The following information is found on the adjusted trial balance of [YOUR NAME] company as of 12/31/2020: Debit Credit Sales Revenue $580,000 Sales Returns and Allowances Cost of Goods Sold Freight-Out $15,500 300,000 2,000 8,000 94,000 Interest Expense 18,000 Wages Expense Selling and General Expenses Depreciation Expense Gain on Sale of Equipment 24,000 2,000 Dividends 10,000 Interest Revenue 27,000 Retained Earnings 125,000 What is the reported value of Retained Earnings on the [YOUR NAME] company 12/31/2020 balance sheet
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