What is the retained earnings?

The charter for WXYZ - TV Inc authores the company to issue 100,000 shares of the parente dock and 500 shares of common stock with $1 par value During its start up phas WXYZ - TV completed the following (Click on the icon to view the transactions) Read the requirements Requirement 1. Record the main in the general joumal Record debts the credits Select the explanation on the lastne of the mal entry table Sep 6 Issued 525 shares of common stock to the promoters who organized the corporation receiving cash of 515 750 Accounts and Explanation Debt Credit Sep. 6 Common Stock Paid in a n Par Value Excess of a Common issued common stock for cash Sep 12 issued 600 shares of preferred stock for cash of $21000 Accounts and explanation Debit Date Sep 12 Choose from any list or enter any number in the input molds and then click check Answer CA Check Answer All parts showing Read the requirements. Sep. 12: Issued 600 shares of preferred stock for cash of $21.000. Date Accounts and Explanation Credit Debit 21,000 Sep. 12 Case Preferred StockNo Par Value 21,000 Issued preferred stock for cash Sep 14 Issued 1,300 shares of common stock in exchange for land with a market value of $22.000 Date Accounts and Explanation Credit Debit 22.000 Sep. 14 Land Common Stock-51 Par Value Paid-In Capital in Excess of ParCommon 1.300 20.700 Choose from any list or enter any number in the input fields and then click Check Answer All parts showing Date Credit Debit 22000 Sep. 14 Accounts and Explanation Land Common Stock-$1 Par Value Paid-In Capital in Excess of ParCommon 1.300 20.700 Issued common stock for land Requirement 2. Prepare the stockholders' equity section of the WXYZ - TV balance sheet at September 30, 2018, assuming WXYZ-TV, Inc had net income of $30,000 for the month WXYZ-TV, Inc. Balance Sheet (Partial) September 30, 2018 Stockholders' Equity Paid-In Capital Preferred Stock $4 No-Par Value. 100.000 shares authorized 500 shares issued and outstanding Common Stock-$1 Par Value: 500.000 shares authorized 1825 shares issued and outstanding Paid In Capital in Excess of Par-Common core: 1.23 of 2 pts %E13-23 (similar to) The charter for WXYZ - TV, Inc. authorizes the company to issue 100,000 shares of $4, no-pa transactions: (Click on the icon to view the transactions) Read the requirements Balance Sheet (Partial) September 30, 2018 Stockholders' Equity Paid-in Capital: 21000 Preferred Stock-S4. No-Par Value: 100.000 shares authorized 600 shares issued and outstanding Common Stock-$1 Par Value: 500.000 shares authorized, 1.825 shares issued and outstanding Paid-In Capital in Excess of Paru-Common Total Paid-In Capital Retained Earnings 35925 58750 Total Stockholders' Equity * More Info Sep. 6 Issued 525 shares of common stock to the promoters who organized the corporation, receiving cash of $15.750. 12 Issued 600 shares of preferred stock for cash of $21,000. 14 Issued 1,300 shares of common stock in exchange for land with a market value of $22.000 Print Done