Use the Following Information as of December 31,2011 to Calculate

Essay

Use the following information as of December 31,2011 to calculate the amounts of cash and retained earnings.The company's total assets are $36,000.This company doesn't have other accounts.
$$\begin{array} { l r } \text { Accounts Payable } & \$ 7,000 \\\text { Accounts Receivable } & 8,000 \\\text { Supplies } & 1,000 \\\text { Furniture and Equipment } & 22,000 \\\text { Contributed Capital } & 10,000 \\\text { Cash } & ? \\\text { Retained Earnings } & ?\end{array}$$