Marcello Company’s balance sheet reflected assets of $10,000, liabilities of $5,000 and common stock of $2,000...
Marcello Company’s balance sheet reflected assets of $10,000, liabilities of $5,000 and common stock of $2,000 as of December 31, 2010. What is the balance in the retained earnings account?
a. $1,000
b. $3,000
c. $5,000
d. $4,000
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