corporation’s current year activities

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Given the following information about a corporation’s current year activities, answer the question below: Retained Earnings, December 31 (Prior Year………… $250,000 Cost of Goods Sold……………………………………… $90,000 Other Operating Expenses………………………………. $54,000 Cash Dividends $30,000 Period (Inventory error)………………………………… $23,000 Stock dividends $20,000 Net Income $36,000 Retained Earnings, December 31 (prior Year)………… $250,000 Compute the retained earnings for the current year: