Financial information related to Westwood Company for the month ended June 30, 2012, is as follows: Net

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Financial information related to Westwood Company for the month ended June 30, 2012, is as follows:

Net income for June ........ $230,000

Dividends during June ........ 45,000

Retained earnings, June 1, 2012 ... 615,000


Prepare a retained earnings statement for the month ended June 30, 2012.


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