Nash's Trading Post, LLC began 2022 with total stockholder’s equity of $1270000, including retained earnings of $925000. During the year, the company issued $1250000 of common stock, recorded expenses of $3500000, and paid dividends of $235000. If Nash's ending retained earnings was $985000, what was the company’s revenue for 2022?
Answer) $ 3795000
Explanations:
Ending Retained Earnings - Beginning Retained Earnings + Dividends + Expenses = Company's Revenue for 2022
985000 - 925000 + 235000 + 3500000 = 3795000
Nash's Trading Post, LLC began 2022 with total stockholder’s equity of $1270000, including retained earnings of...