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The balance sheet items of Kiner Company as of December 31, current year, follow in...

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Accounting

The balance sheet items of Kiner Company as of December 31, current year, follow in random order.

Land $ 90,000 Office equipment $ 14,000
Accounts payable 50,000 Building 240,000
Accounts receivable 60,000 Capital stock 75,000
Cash 40,000 Notes payable 210,000
Retained earnings ?

a. Compute the amount for Retained earnings.

b. Prepare a balance sheet for the company.

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