The company's retained earnings are $20,000
What is retained earnings?
Retained earnings refer to the cumulative net income (and loss) not distributed as dividends to its stockholders.
Retained earnings calculation :
= 20,000 ( $12 x 10,000) - (10,000- $10)
= 20,000
Hence, the company's retained earnings are $20,000
Learn more about retained earnings here : https://brainly.com/question/25631040
