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The Gryffin Company started operations this year and reported the following information at the end...

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Accounting

The Gryffin Company started operations this year and reported the following information at the end of the year (i.e. ending balances):

Revenue $16,900

Equipment $10,500

Notes payable ?

Cost of Goods Sold 12,600

Cash 1,650

Payroll expense 2,400

Common stock 10,000

Inventory 850

Maintenance expense 750

Dividends 150

What amount of ending retained earnings would the company report in its financial statements?

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