G What is the Retained Earnings for Mula Inc Cost of Goods

G - What is the Retained Earnings for Mula Inc.? Cost of Goods Sold General and Administrative Expenses Long-term Debt Cash Common Stock Notes Payable Interest Expense Accounts Payable Net Sales Inventony Depreciation Expense Accounts Receivable PP&E; Accumulated Depreciation Taxes (35% Rate) 120,000 105,000 75,000 25,550 100,000 35,000 -9,870 30,000 299,700 45,000 9,000 33,750 270,000 75,900 Retained Earnings (plug figure) $65,700 $36,250 $37,750 $58,400 Submit Asse

Solution

Cash 25550 Inventory 45000 Accounts Receivable 33750 PP&E 270000 Less: Accumulated depreciation -75900 Total assets 298400 Retained earnings = 298400-75000-100000-35000-30000= 58400 Option 4 is correct