During 2006, Edgemont Corporation had revenues of $230,000 and expenses, including income taxes, of $190,000. On December 31, 2005, Edgemont had assets of $350,000, liabilities of $80,000, and capital stock of $210,000. Edgemont paid a cash dividend of $25,000 in 2006. No additional stock was issued. Compute the retained earnings on December 31, 2005 and 2006.

LOL, you must be using the same textbook as kmarie15: https://www.askmehelpdesk.com/finance-accounting/retained-earnings-computations-41243.html

From: https://www.askmehelpdesk.com/finance-accounting/announcement-u-b-read-first-expectations-homework-help-board-b-u.html

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