I need to find the missing number for this financial statement: total assets $325,000 total liabilities ? Paid in capital $40,000 retained earnings ? Net income $113,000 dividends declared and paid during 2009 $65,000 retained earnings at the beginning of 01/01/09 $42,000
Accounting equation - Corporation

RETAINED EARNINGS.

1) Retained Earnings begin = 42,000
2) Net Income **********= 113,000
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3) Sub-total ************=115,000
4) Dividends ************= 65,000
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5) Retaind Earnings at end* = 90,000
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1) Paid up Capital*********= 40,000
2) Ret Earnings as above ** =90,000
--------------------------------------3) Total Equity **********=130,000
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1) Assets **************=325,000
2) Laibilities ************= 195,000
--------------------------------------3) Net Assets ***********=130,000
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Summary :-

? Total liabilities = 195,000

? Retained earnings = 90,000

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