At the beginning of April, Owl Corporation has a balance of $13,000 in the Retained Earnings account. During the month of April,
Owl had the following external transactions.1. Issue common stock for cash, $11,000.2. Provide services to customers on account, $8,500.3. Provide services to customers in exchange for cash, $3,200.4. Purchase equipment and pay cash, $7,600.5. Pay rent for April, $1,100.6. Pay employee salaries for April, $3,500.7. Pay dividends to stockholders, $2,000.Required:Using the external transactions above, compute the balance of Retained Earnings at April 30.
