Homework answers / question archive / The following information has been taken from the ledger accounts of Skysong Corporation

The following information has been taken from the ledger accounts of Skysong Corporation

Business

Share With

The following information has been taken from the ledger accounts of Skysong Corporation.

Total income since incorporation$296,000Total cash dividends paid55,000Total value of stock dividends distributed33,000Gains on treasury stock transactions17,000Unamortized discount on bonds payable29,000

Determine the current balance of retained earnings.

Current balance of retained earnings $_______