Retained earnings, December 31, 2021 Cost of buildings purchased during 2022 Net loss for the year ended December 31, 2022 Dividends declared and paid in 2022 Increase in cash balance from January 1, 2022 to December 31, 2022 Increase in long-term debt in 2022 $ 307,400 49,000 4,300 Statement of Stockholders' Equity (Partial) For Year Ended December 31, 2022 14,800 12,300 18,000 Required: From the above data, calculate the retained earnings balance as of December 31, 2022. Note: Enter decreases with a minus sign to indicate a negative financial statement effect.
Retained earnings, December 31, 2021 Cost of buildings purchased during 2022 Net loss for the year ended December 31, 2022 Dividends declared and paid in 2022 Increase in cash balance from January 1, 2022 to December 31, 2022 Increase in long-term debt in 2022 $ 307,400 49,000 4,300 Statement of Stockholders' Equity (Partial) For Year Ended December 31, 2022 14,800 12,300 18,000 Required: From the above data, calculate the retained earnings balance as of December 31, 2022. Note: Enter decreases with a minus sign to indicate a negative financial statement effect.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Retained earnings, December 31, 2021
Cost of buildings purchased during 2022
Net loss for the year ended December 31, 2022
Dividends declared and paid in 2022
Increase in cash balance from January 1, 2022 to December 31, 2022
Increase in long-term debt in 2022
$ 307,400
49,000
4,300
14,800
12,300
18,000
Required:
From the above data, calculate the retained earnings balance as of December 31, 2022.
Note: Enter decreases with a minus sign to indicate a negative financial statement effect.
Statement of Stockholders' Equity (Partial)
For Year Ended December 31, 2022
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