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Retained earnings and cash paid for patents

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See attach files.

A company had the following information:

The ending balance in the Retained Earnings account is:

$61,000

$63,000

$65,000

$74,000

Table 16-1

Referring to Tables 16-1 and 16-2, the cash paid for patents by Silver Company in 20X6 was:

$0

$12,000

$2,400

indeterminable.

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The solution has two questions - calculating the ending balance in retained earnings account and cash paid for patents.

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Please see the attached files.

A company had the following information:

The ending balance in the Retained Earnings account is:

$61,000

$63,000

$65,000

$74,000

We calculate the net ...

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