Retained earnings, December 31, 2010 =$490,400
Net decrease in total assets during 2011 =$74,800
Net increase in accounts receivable in 2011 =$17,200
Dividends declared and paid in 2011 =$67,200
Proceeds from issuance of bonds during 2011 =$176,800
Net loss for the year ended December 31, 2011 =$46,000
Calculate the Retained Earnings balance as of Dec 31, 2011.
Calculate the Retained Earnings balance as of Dec 31, 2011.
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