From the following, prepare in proper form a statement of retained earnings for Donald Company for the
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From the following, prepare in proper form a statement of retained earnings for Donald Company for the year ended December 31,2012.
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Retained Earnings, January 2012 Net Income, 2012 Prior period adjustment: increase in recording expense for Land in 2010 (disregard taxes) Dividends Paid, 2012 $42,000 $55,000 $13,000 $22,000
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