Bucky Badger is trying to answer questions from the CFO of t…
Bucky Badger is trying to answer questions from the CFO of the WSB Corporation. Bucky has the following information. Beginning Retained Earnings for 2025 is $35,000. During 2025, WSB sold merchandise to customers for $40,000 cash. Additionally WSB sold merchandise to customers for $50,000 on account (all of which will be received by WSB in 2026). Dividends were $12,000. Retained Earnings at the end of 2025 are $50,000. What was the amount of expenses incurred during 2025?