Question: For the year ending December 31, 2017, Abbott SE reports net income 140,000 and dividends 55,000. Prepare the retained earnings statement for the year assuming

For the year ending December 31, 2017, Abbott SE reports net income €140,000 and dividends €55,000. Prepare the retained earnings statement for the year assuming the balance in retained earnings on January 1, 2017, was €220,000.

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