Use the information in Problem 1-3B to prepare the statement of retained earnings for Audi Company for

Question:

Use the information in Problem 1-3B to prepare the statement of retained earnings for Audi Company for the current year ended December 31.

Data from Problem 1-3B

As of December 31 of the current year, Audi Company’s records show the following.

Beginning of year Assets.... Liabilities... End of year Assets.... Liabilities..... Changes during the year


Required
Prepare the income statement for Audi Company for the current year ended December 31.

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