The following accounts and balances were drawn from the records of Barnes Company: Cash$4,500 Accounts receivable$2,700 Equipment$10,000 Accumulated depreciation$3,200 Accounts payable$2,800 Common stock$6,000 Based on this information alone the amount of Barnes's retained earnings is:
A. $17,200.
B. $11,600.
C. $5,200.
D. None of these answers is correct.
Answer: C
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