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Required information [The following information applies to the questions displayed below.] Three different companies each...

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Accounting

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Required information [The following information applies to the questions displayed below.] Three different companies each purchased trucks on January 1, 2018, for $66,000. Each truck was expected to last four years or 200,000 miles. Salvage value was estimated to be $7,000. All three trucks were driven 74,000 miles in 2018, 35,000 miles in 2019. 30,000 miles in 2020, and 68,000 miles in 2021. Each of the three companies earned $55.000 of cash revenue during each of the four years. Company A uses straight-line depreciation, company B uses double- declining-balance depreciation, and company C uses units-of-production depreciation. rded Answer each of the following questions. Ignore the effects of income taxes. d-1. Calculate the retained earnings on the December 31, 2021, balance sheet? Retained Earnings $ 40,250 Company A Company B Company C 22.000 x 662 20.060

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