Prepare a retained earnings statement. Assume that the only changes in retained earnings during the current year were from net income and dividends

 

 

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1 ~ 3 st Revenues 5 Rent revenue 6 Net sales 7 Gain on sale of land 8 Total Revenues 9 Expenses: 10 Selling expenses 11 Administrative expenses 12 Cost of goods sold 13 Total Expenses 14 Income before income tax 15 Income tax expense 16 Net Income /(Loss) 17 Earnings per share B O Corporation Income Statement For the Year Ended December 31, 2025 $48,600 $2,883,600 $81,000 $626,400 $267,300 $1,741,500 C $3,013,200 $2,635,200 $378,000 $145,530 $232,470 $7.75 1 ~ 3 st Revenues 5 Rent revenue 6 Net sales 7 Gain on sale of land 8 Total Revenues 9 Expenses: 10 Selling expenses 11 Administrative expenses 12 Cost of goods sold 13 Total Expenses 14 Income before income tax 15 Income tax expense 16 Net Income /(Loss) 17 Earnings per share B O Corporation Income Statement For the Year Ended December 31, 2025 $48,600 $2,883,600 $81,000 $626,400 $267,300 $1,741,500 C $3,013,200 $2,635,200 $378,000 $145,530 $232,470 $7.75

Answer rating: 100% (QA)

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