The following information was reported in the December 31, 2018, financial statements of Emma, Inc. (listed alphabetically). Accounts Payable Cash Common Stock Dividends Fuel Expense Interest Expense Notes Payable Retained Earnings (as of January 1, 2018 Service revenue Supplies Expense $1003 3115 ? 291 598 237 1631 383 5784 200 Based on this list of accounts, what is the Retained Earnings as of 12 31-18?

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is