Can you figure out the retained earnings for this problem???

Question

during 2009 company x has revenue 0f 230,000 & expenses including income tax of 190,000 on dec 31 2008 they has asset of 350000 liabilities of 80000 &capital stock of 210000. they paid a cash dividend of 25,000 in 2009 no additional stock was issued. compute the retained earnings for both 2008 and 2009

Answer 1

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