During 2022, its first year of operations, Blossom Company had revenues of $153400 and expenses of $77880. The business paid cash dividends of $42480. What is the balance in Retained Earnings at December 31, 2022?

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land, a building and equipment are acquired for a lump sum of $ 1,000,000. the market values of the land, building and equipment are $ 300,000, $ 800,000 and $ 300,000, respectively. what is the cost assigned to the equipment? (do not round any intermediary calculations, and round your final answer to the nearest dollar.)

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