Using the table below, determine the retained earnings as of December 31, 2016. TOTALS Jan. 1, 2016 Dec. 31, 2016 Current assets All other assets Liabilities Common stock Retained earnings $10,000 300,000 50,000 100,000 160,000 $20,000 300,000 60,000 130,000 ?

Using the table below, determine the retained earnings as of December 31, 2016