RETAINED EARNINGS STATEMENT McGregor Company had the following balances and results for the current calendar year: Retained
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RETAINED EARNINGS STATEMENT McGregor Company had the following balances and results for the current calendar year:
Retained earnings, January 1.......$60,000
Cash dividends declared........5,000
Net income for the year........20,000
Prepare a retained earnings statement for the year ended December 31, 20--.
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