Working as follows:

a) Assets - Liabilities

= $29.500

[$88,500 - $59,000]

1. Liabilities + stockholders' equity = $112,100 [$64,900 + $47,200]
2. Additional investment = Closing equity - Opening equity - Revenue + Expenses + Dividend Additional investment = $47.200 - $29,500 - $413,000 + $389.400 + $11,8001

Additional investment = $5900

d) Assets - stockholders equity = $59,000 [$129,800 - $70,8001

e) Assets - Liabilities = $73,160 [$161,660 - $88.5007

1) Dividend = Opening equity + Revenue + Additional investment - Expenses - Closing equity

Dividend = $70,800 + $495,600 + $17,700 - $454,300 - $73,160

Dividend = $56.640

g) Liabilities + stockholders equity = $141,600 [$88.500 + $53.100

h) Assets - stockholders equity = $82,600 [$236,000 - $153,4001

i Revenue = Expenses + Closing equity - opening equity - Additional investment + Dividends I

Revenue = $403.560 + $153.400 - $53.100 - $11.800 + $16.520

Revenue = $508.580

i) Assets - stockholders equity = $59,000 [$177,000 - $118,000]

k) Stockholders equity + Liabilities = $259,600 [$165,200 + $94.400]

1) Expenses = Opening equity + Revenue + Additional investment - Dividend - Closing equity

Expenses = $118,000 + $590,000 + $17,700 - $11,800 - $165,200]

Expenses = $548.700

Prepare the retained earnings statement for Metlock Company. Assume beginning retained earnings was $23,600. (List Iterns thot Increase retained earnings first.)