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Campbell Cutlery had retained earnings of $162,850 at the beginning of 2010.

2. Campbell Cutlery had retained earnings of $162,850 at the beginning of 2010. During the year the company had total revenues of $875,000, total expenses (including taxes) of $795,000, bought vehicles and computers for $122,000, and paid cash dividends of $18,500. Compute Campbell Cutlery's retained earnings at the end of 2009.
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Accounting- 8100464.xls

Note: Ending of 2009 retained earnings and beginning 2010 retained earnings given in the question is the same. Assuming ending 2010 retained earnings is required to be found.
For FY2010
Total...

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