Net Income for 2020 Net Income for 2021 Dividends for 2020 Dividends for 2021 Total assets at the end of 2020 Total assets at the end of 2021 Required: On the basis of the data given, prepare a statement of retained earnings for both 2020 (its first year of operations) and 2021. 2020 Complete this question by entering your answers in the tabs below. 2021 $ 52,000 57,000 21,000 32,000 137,000 254,000 Retained Earnings, January 1, 2021 Add Net Income Less Dividends Retained Earnings. December 31, 2021 On the basis of the data given, prepare a statement of retained earnings for 2021. STONE CULTURE CORPORATION Statement of Retained Earnings S 168,000 57.000 32.000 S 254.000

Net Income for 2020 Net Income for 2021 Dividends for 2020 Dividends for 2021 Total assets at the end of 2020 Total assets at the end of 2021 Required: On the basis of the data given, prepare a statement of retained earnings for both 2020 (its first year of operations) and 2021. 2020 Complete this question by entering your answers in the tabs below. 2021 $ 52,000 57,000 21,000 32,000 137,000 254,000 Retained Earnings, January 1, 2021 Add Net Income Less Dividends Retained Earnings. December 31, 2021 On the basis of the data given, prepare a statement of retained earnings for 2021. STONE CULTURE CORPORATION Statement of Retained Earnings S 168,000 57.000 32.000 S 254.000

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Description: Please do not give solution in image format thanku Net Income for 2020Net Income for 2021Dividends for 2020Dividends for 20211Total assets at the end of 2020Total assets at the end of 2021Required:On the basis of the data given, prepare a statement o

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter1: Accounting As A Form Of Communication

Section: Chapter Questions

Problem 1.10E: Net Income (or Loss) and Retained Earnings The following information is available from the records...

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