(Answered) Accounting assignmentcalcitron corporation has provided the

Accounting

Accounting Assignment

Calcitron Corporation has provided the following financial information as of April 30, 2017:

Accounts payable	$ 15,000
Accounts receivable	$ 12,000
Accrued expenses	$ 26,000
Accumulated depreciation	$ 10,000
Additional paid-in capital	$ 22,000
Allowance for doubtful accounts	$ 1,200
Cash	$ 25,000
Common stock	$ 40,000
Fixed assets	$ 75,000
Intangibles	$ 40,000
Inventory	$ 17,000
Long-term notes payable	$ 80,000
Prepaid expense	$ 12,000
Treasury stock	$ 4,000
Wages payable	$ 12,000

What is the amount of Calcitron's retained earnings as of April 30, 2017?

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