How do you calculate the retained earnings? Sam's Pizzeria International Inc. operates and franchises...
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How do you calculate the retained earnings?
Sam's Pizzeria International Inc. operates and franchises pizza delivery and carryout restaurants worldwide. The following is an alphabetical list of accounts and amounts reported in a recent year's set of financial statements. Accounts Payable Accounts Receivable Accrued Expenses Payable Accumulated Depreciation Additional paid-in capital Advertising expense Buildings and leasehold improvements Cash Common stock Cost of sales Depreciation expense Equipment General and administrative expenses Income tax expense Income tax receivable Income taxes payable $ 39,182 56,117 58,573 337,804 48,612 63,533 203,831 20,262 783 732,741 40,175 320,760 148,985 41,080 9,611 9,763 Intangible assets Interest expense Interest revenue Inventories Land Long-term debt Long-term notes receivable Other assets Other long-term liabilities Prepaid expenses and other current assets Rent and utilities expense Retained earnings Restaurant and franchise sales revenue Salaries and benefits expense Short-term notes receivable Unearned revenue $ 82,175 4,161 912 27,506 32,950 231,221 12,941 42,600 65,113 36,994 215,864 ? 1,600,249 280,565 6,176 4,607
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How do you calculate the retained earnings?