Jazz Inc. has the following statements of retained earnings for the years ended December 31, 2008 to December 31, 2010.

Jazz Inc. has the following condensed balance sheets as at December 31 from 2008 to 2010.

Required:
(a) Complete the statement of retained earnings for each year from 2008 to 2010.
(b) Complete the balance sheet for each year from 2008 to 2010, given that the common shares balance for Jazz Inc. was $200,000 in all three years.

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2010 2009 2008 2007 Statement of Retained Earnings Retained earnings, 1/1 Net income (loss Dividends paid Retained earnings, 12/31 300,000 100,000 45,000 (75,000) 56,000 400,000 290,000 300,000 2010 2009 2008 Condensed Balance Sheet Current assets Property, plant, and equioment40,000 150,000 700,000 800,000 50,000 125,000 635,000 50.000 Other assets Total assets Current liabilities Long-term debt Total liabilities Common shares Retained earnings Total shareholders' equity Total liabilities and shareholders equity 89,000 250,000 100,000 400,000 50,000 400,000