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the following information relates to Mustafa & co: Retained Earnings, january 1, 2020................ $15,500 Net income in 2020..................... $39,942 Dividends declared during 2020.................. $11,000 Required:

the following information relates to Mustafa & co:
Retained Earnings, january 1, 2020................
$15,500
Net income in 2020.....................
$39,942
Dividends declared during 2020..................
$11,000
Required:
Calculate the Retained Earning of Mustafa & Co at the end of 2020.

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