Moss Company has provided the following data:
2019 revenues were $87,500.
2019 expenses were $43,900.
Dividends declared and paid by Moss during 2019 totaled $15,700.
Total assets on December 31,2019 were $227,000.
Total stockholders' equity on December 31,2019 was $133,000.
Common stock on December 31,2019 was $93,000.
Calculate the beginning retained earnings balance.

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The Answer of Moss Company has provided the following data:
2019 revenues were $87,500.
2019 expenses were $43,900.
Dividends declared and paid by Moss during 2019 totaled $15,700.
Total assets on December 31,2019 were $227,000.
Total stockholders' equity on December 31,2019 was $133,000.
Common stock on December 31,2019 was $93,000.
Calculate the beginning retained earnings balance.

Moss Company Has Provided the Following Data