the following information has been taken from the ledger account of issac corp.


total income since incorporation $321,000
total cash dividents paid $66,000
total value of stock dividents distributed $30,000
gains on treasury stock transactions $18,000
unamortized discount on bonds payable $32,000


determined the balance of retained earnings $_____________




i think that the cash dividents, stock dividents distributed, and unamortized discount on bonds payable should be subtracted and gain on treasury stock added to the total income........but i am not sure...

thanks