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McK Nursery, Incorporated, reports the following account balances on December 31, 2024: cash, \$27,000; accounts...

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Accounting

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McK Nursery, Incorporated, reports the following account balances on December 31, 2024: cash, \$27,000; accounts receivable. $22,000; inventory, $36,000; equipment (net). $80,500; operating leases, $10,500; accounts payable, $25,000; salaries payable, $10,500; interest payable, $6,500; notes payabie (due in 18 months), $41,000; common stock, $72,000. Required: Determine the year-end balance in retained earnings for Mck Nursery, Incorporated

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