Question

Part Question 26/1 point) Golden Hawks he reported the following amounts on its statement of financial position at December 31 , 2020 121 Accounts receivable 9500 22 Cash 1100 5 Deferred revenue 90000 Inventory 30000 Land34000 Notes payable 37000 Retained earning Stere capita 32000 How much was retained earnings? You Answer ATSU tion 2] 11 point) not the following are advantages of seling bonds instead

Answer 1

Calculate retained earnings

Account receivable	95000
Cash	11000
Inventory	30000
Land	340000
Total assets	476000
Deferred revenue	-90000
Notes payable	-37000
Share capital	-32000
Retained earnings	317000