Motorcycles and Harleys

Why would a C corp not show any retained earnings on a balance sheet? is this ok?

I know single member LLC’s do not show retained earnings, but have never encountered this with a C corp. They also show no capital stock.
The company does have a net profit each year.

if a corp have no profit/earnings, then there would be no earnings to retain – common sense

if a C-Corp is not showing any Cap stock – it is either valued at less than 50 cents or the company hasn’t been fully set up yet – many corps put very little money into Cap Stock, because here are annual taxes and fees that are paid on that – most of the investment goes to “Additional paid-In-capital”

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