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Below Are Several Amounts from Netcom Company's Accounting Records

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Below are several amounts from Netcom Company's accounting records. Answer the questions that follow. Below are several amounts from Netcom Company's accounting records. Answer the questions that follow.   A. Calculate the amount of retained earnings at the end of the year. B. If revenue amounts to $220,000, how much is 'total expenses'? C. How do you know the company has been profitable since it began operations? A. Calculate the amount of retained earnings at the end of the year.
B. If revenue amounts to $220,000, how much is 'total expenses'?
C. How do you know the company has been profitable since it began operations?

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