During 2020,Swille Corporation had Sales of $225,000 and Operating Expenses of $123,000 and declared cash dividends of $14,000.Retained Earnings on January 1,2020 was $110,000.Prepare closing entries on December 31,2020.Calculate the balance in Retained Earnings on December 31,2020.

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The Answer of During 2020,Swille Corporation had Sales of $225,000 and Operating Expenses of $123,000 and declared cash dividends of $14,000.Retained Earnings on January 1,2020 was $110,000.Prepare closing entries on December 31,2020.Calculate the balance in Retained Earnings on December 31,2020.

During 2020,Swille Corporation Had Sales of $225,000 and Operating Expenses