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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 Net Income or (Loss) Dividends Earnings 20A $3.20 $1.20 $2.00 208 27. $4.80 $2.80 20C 28. ($0.50) $0.20 200 29. $1.60 $0.50 Use the following to answer questions 30-33 The following account balances appear in the 20XC year-end POST-closing trial balance: Cash $60,000 Accounts Receivable 80,000 Inventory 350,000 Equipment 800,000 Accumulated Depreciation 300,000 Accounts Payable 23,000 Notes Payable 250,000 Common stock 500,000 Retained earnings ? Determine the total amount of debits that would be shown on the post-closing trial balance Determine retained earnings that would be shown on the post-closing trial balance 30. $ 31. $ 32. $ 33. $ Determine the book value of the equipment Determine total current assets
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