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During 2022 Its First Year of Operations Jane's Bakery Had

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During 2022 its first year of operations Jane's Bakery had revenues of $130000 and expenses of $66000.The business paid cash dividends of $36000.What is the balance in Retained Earnings at December 31 2022?


Definitions:

Tangible Goods

Tangible goods are physical items that can be touched and seen, distinguished from services or digital products.

Intangible Services

Services that cannot be physically touched or stored, such as education, consulting, or legal advice.

Inventory

The quantity of goods that a company has in stock, ready for sale or distribution.

Investment Component

A part of economic activity related to spending on goods and services not for immediate consumption but for future benefit.

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