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This information relates to Peter's Rentals Pty Ltd for the year 2019: Retained Earnings, 1 January 2019$90,000 Advertising3,000 Dividends Paid during 201914,000 Rent20,200 Hire Revenue140,000

This information relates to Peter's Rentals Pty Ltd for the year 2019:

Retained Earnings, 1 January 2019$90,000

Advertising3,000

Dividends Paid during 201914,000

Rent20,200

Hire Revenue140,000

Electricity4,800

Wages56,000

Share Capital40,000

Calculate the closing balance of Retained earnings at 31 December 2019:

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