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Use the following to answer questions 27-29 The Company had the following Net Income (Loss) for 20A-20D (the first four years of operations). Determine
Use the following to answer questions 27-29 The Company had the following Net Income (Loss) for 20A-20D (the first four years of operations). Determine their Ending Retained Earnings amount for each year. (Keep your answer "in millions" like the example). The Company (In Millions) Ending Retained Year 20A Net Income or (Loss) $5.55 Dividends Earnings $1.32 $4.23 20B 27. $2.75 $1.55 20C 28. ($0.10) $0.50 20D 29. $1.25 $1.00 Use the following to answer questions 30-33 The following account balances appear in the 20XC year-end POST-closing trial balance of BC Corporation: Cash $25,000 Accounts Receivable 20,000 Inventory 125,000 Equipment 500,000 Accumulated Depreciation 75,000 Accounts Payable 15,000 Notes Payable 150,000 Common stock 300,000 Retained earnings ? 30. $ Determine the total amount of debits that would be shown on the post-closing trial balance 31. $ Determine retained earnings that would be shown on the post-closing trial balance 32. $ Determine total current assets 33. $ Determine the book value of the equipment
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