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The following selected accounts and account balances were taken from the records of \( X...

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Accounting

The following selected accounts and account balances were taken from the records of \( X Y Z \) Company. Except as otherwise indicated, all balances are as of December 31, Year 2, before the closing entries were recorded. What was the balance in the retained earnings account as shown on XYZ Company's Balance Sheet as of December 31, Year 2?The following selected accounts are December 31, Year 8, balances from the general ledger of Ace Construction. All accounts have a normal balance.
\table[[Accounts payable,$9,320
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