Moss Company has provided the following data:
2010 revenues were $87,500.
2010 net income was $43,900.
Dividends declared and paid by Moss during 2010 totaled $15,700.
Total assets on December 31,2010 were $227,000.
Total stockholders' equity on December 31,2010 was $133,000.
Contributed capital on December 31,2010 was $93,000.
What was the beginning retained earnings balance?

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The Answer of Moss Company has provided the following data:
2010 revenues were $87,500.
2010 net income was $43,900.
Dividends declared and paid by Moss during 2010 totaled $15,700.
Total assets on December 31,2010 were $227,000.
Total stockholders' equity on December 31,2010 was $133,000.
Contributed capital on December 31,2010 was $93,000.
What was the beginning retained earnings balance?

Moss Company Has Provided the Following Data