Dividends And Retained Earnings

Question: how do i find retained earnings?

i have retained earnings of $32,600. during the year i suffered a net loss of $1,300 and paid out dividends of $500. the company also issued $2,500 worth of stock. what is the value of the retained earnings account at the end of the year?

Answer: 32,600 (-) 1300 = 31,300
Other items don’t impact retained earnings

Business Plan-Balance Sheet and Investors Interpretation