Below Is All of the Account Information from Chamber Company's

question 36

Essay

Below is all of the account information from Chamber Company's balance sheet, with the exception of Retained Earnings.
$\begin{array}{lr}\text { Cash } & \$ 13,000 \\\text { Inventory } & 16,000 \\\text { Equipment } & 51,000 \\\text { Accounts Payable } & 17,000 \\\text { Long-term Payable } & 10,000 \\\text { Contributed capital } & 30,000\end{array}$
Using this information, please calculate the following:
A. The total amount of retained earnings for Chamber Company.
B. The total amount of shareholders' equity for the company at the end in the year.

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Definitions:

Vroom-Jago

A leadership model that emphasizes decision-making styles and the involvement of team members in the decision-making process.

Leader-Participation Model

A theory in leadership studies that suggests the effectiveness of leadership styles varies depending on the task, the leader's personality, and team-members' characteristics.

Assertive

Characterized by confidence and self-assurance in expressing one's opinions and needs directly.

Directive Behaviours

Actions and practices where a leader explicitly guides or directs the activities of others towards set goals or expectations.