Harbor City Corporation's end-of-year balance sheet consisted of the following amounts: Cash $ 15,000 Accounts receivable $ 50,000 Property, plant, and equipment 70,000 Long-term debt 40,000 Capital stock 100,000 Accounts payable 20,000 Retained earnings ? Inventory 35,000 What is Harbor City's retained earnings balance at the end of the current year?
a. $10,000
b. $110,000
c. $160,000
d. $170,000
a
Business
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