The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 5,607 Accounts Receivable 2,024 Prepaid Expenses 657 Equipment 15,750 Accumulated Depreciation 1,458 Accounts Payable 1,546 Notes Payable 4,567 Common Stock 1,000 Retained Earnings 14,908 Dividends 869 Fees Earned 6,306 Wages Expense 3,292 Rent Expense 874 Utilities Expense 424 Depreciation Expense 197 Miscellaneous Expense 91 Totals 29,785 29,785 Determine the retained earnings ending balance.

Exercise 4-9presented below is information related to martinez corp. for the year 2017.net sales $1,399,500 write-off of inventory due to obsolescence $80,440cost of goods sold 788,200 depreciation expense omitted by accident in 2016 43,600selling expenses 65,800 casualty loss 53,900administrative expenses 53,500 cash dividends declared 43,300dividend revenue 22,100 retained earnings at december 31, 2016 1,042,400interest revenue 7,420 effective tax rate of 34% on all items exercise 4-9 presented below is information relateexercise 4-9 presented below is information relate prepare a multiple-step income statement for 2017. assume that 61,500 shares of common stock are outstanding. (round earnings per share to 2 decimal places, e.g. 1.49.)prepare a separate retained earnings statement for 2017. (list items that increase retained earnings first.)