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Below Is All of the Account Information from Chamber Company's

Question 46

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Below is all of the account information from Chamber Company's balance sheet, with the exception of Retained Earnings.
 Cash $13,000 Inventory 16,000 Equipment 51,000 Accounts Payable 17,000 Long-term Payable 10,000 Contributed capital 30,000\begin{array}{lr}\text { Cash } & \$ 13,000 \\\text { Inventory } & 16,000 \\\text { Equipment } & 51,000 \\\text { Accounts Payable } & 17,000 \\\text { Long-term Payable } & 10,000 \\\text { Contributed capital } & 30,000\end{array}
Using this information, please calculate the following:
A. The total amount of retained earnings for Chamber Company.
B. The total amount of shareholders' equity for the company at the end in the year.

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A. ($13,000 + $16,000 + $51,00...

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