Dear Friend,Hello and welcome. Thank you for providing an opportunity to assist you.
Kindly note that the retained earnings are affected by only one input out of all that you have given here. Typically speaking, Retained Earnings = Beginning Balance + Net Income – DividendsIn your case, whatever the retained earnings are , they will get reduced by net loss of current year, i.e. by 10103. They will go into negative. Let me show you how.698-10103 = - 9405Note that -- Should a net loss be greater than beginning retained earnings, retained earnings can become negative, creating a deficit.
I am sure this would help. You may leave a positive rating if this helps or feel absolutely free to revert back with a reply for further assistance. I would be more than happy to keep assisting you.Warm Regards,