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Non current liabilities 60000 if turner has total paid-in

Question - Turner Company has the following information on its December 31 balance sheet:

Current Assets $ 40,000

Current Liabilities $ 10,000

Non current Assets 100,000

Non current Liabilities 60,000

Total Assets 140,000

Total Liabilities 70,000

If Turner has total paid-in capital of $50,000 on December 31, what is the amount of its retained earnings?

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Accounting Basics: Non current liabilities 60000 if turner has total paid-in

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