Question: Blake Knudson owns and operates Grab Bag Delivery Services On
Blake Knudson owns and operates Grab Bag Delivery Services. On January 1, 2013, Retained Earnings had a balance of $918,000. During the year, no additional capital stock was issued and $15,000 of dividends were paid. For the year ended December 31, 2013, Grab Bag Delivery Services reported a net loss of $43,500. Prepare a retained earnings statement for the year ended December 31, 2013.
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