Business, 28.01.2020 21:41 Kay6718

The following information is reported for kinney corporation at the end of 2013.
- accounts receivable $103,500
- retained earnings ?
- accounts payable 49,500
- supplies inventory 40,500
- cash common stock 6,000
- equipment 621,000 495,000
a. compute the amount of retained earnings at the end of 2013.
b. if the amount of retained earnings at the beginning of 2013 was $135,000, and $54,000 in cash dividends were declared and paid during 2013, what was its net income for 2013?

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The following information is reported for kinney corporation at the end of 2013.
- accounts r...

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