Tag Compute the transfer to Retained Earnings for Year 2006. Assume a tax rate of 34%.

Calculate the shareholders’ equity from the given information: Cash $2,155 A/R $3,142 Notes Payable $382 Long-term Debt $8,232 Net Fixed Assets $18,091 A/P $2,146 Inventory $5,096 Note: Enter your answer rounded off to two decimal points. Do not enter $…