Look under the shareholders’ equity section of the balance sheet
Find the line item labeled “Retained Earnings”
If it is not listed separately, check for “Accumulated Earnings” or “Accumulated Deficit”
Use the ending balance shown for the reporting period
If needed, calculate it as beginning retained earnings plus net income minus dividends
For a corporation, it is usually listed after common stock and additional paid-in capital
For a sole proprietorship or partnership, it may appear as owner’s equity or partners’ capital instead