Question:
During 2006 Den Company had revenues of $230,000 and expenses for income tax
Of $ 190,000.
On December 31, 2005 Den Company had assets of $350,000 and liabilites of $ 80,000. And capitol stock of $ 210,000.
Den Company paid a cash dividend of $25,000 in 2006.

What is the retained earnings for December 2005 and December 2006?

What is Owners Equity for 2005 and 2006?

Question:
During 2006 Den Company had revenues of $230,000 and expenses for income tax
Of $ 190,000.
On December 31, 2005 Den Company had assets of $350,000 and liabilites of $ 80,000. And capitol stock of $ 210,000.
Den Company paid a cash dividend of $25,000 in 2006.

What is the retained earnings for December 2005 and December 2006?

What is Owners Equity for 2005 and 2006?