help with financial accounting question (basic) please

Question

12345678 · Answer

calculate ending retained earnings :

12345678 · Answer

@JustSaiyan

12345678 · Answer

INFO GIVEN:

Liabilities: 589k
Revenues: 786k
Common Stock: 200k
Expenses: 674k
Dividends: 50k
Assets: 975k

Net Income: 112k

12345678 · Answer

i know the formula to find it is beginning retained earnings + net income - dividends paid BUT the beginning retained earnings or ending ones aren't given and I'm so confused

12345678 · Answer

help please!

ThisGirlPretty · Answer

@563blackghost Can you help love?

563blackghost · Answer

;-; i don't know dis.... @sillybilly123 maybe?

ThisGirlPretty · Answer

@Nnesha ?

12345678 · Answer

would the beginning retained earnings be 0 then and then would I have 0 + 112k (net income) - 50k = that is my answer?

12345678 · Answer

62k?

ThisGirlPretty · Answer

Wait @Vocaloid

12345678 · Answer

i think it is 62k.... can anyone confirm?

mplatt · Answer

What are the answer choice and question again? I may know it?

12345678 · Answer

i don't have any answer choices

12345678 · Answer

its fill in

12345678 · Answer

but the numbers i have come up with so far are: 62k possibly and 448k and i think it is 62k but I'm not sure and if someone could explain that'd be great

12345678 · Answer

the question is this: calculate ending retained earnings and then with the table i gave above

12345678 · Answer

please help

sillybilly123 · Answer

it's not sensible to ask qu's like this because accounting is tied up in definitions.  but i think you're missing data

good luck :)