Zachary Corporation’s December 31, 2008 balance sheet included the following amounts:Cash ……………….. $ 23,400Retained earnings …………… 107,600Zachary’s accountant provided the following data for 2009:Revenues ……………… $ 673,900Expenses ……………… 582,100Dividends …………….. 34,200Cash inflow from operating activities ……. 875,300Cash outflow for investing activities …….. (994,500)Cash inflow from financing activities ……. 156,600Required:Calculate the amount of cash and retained earnings at the end of 2009.View Solution:
Zachary Corporation s December 31 2008 balance sheet included t



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