Question: Presented here is information for Packee Inc. for 2012. Retained earnings, January 1 ... $130,000 Revenue from legal services ... 400,000 Total expenses .......... 175,000

Presented here is information for Packee Inc. for 2012.

Retained earnings, January 1 ... $130,000
Revenue from legal services ... 400,000
Total expenses .......... 175,000
Dividends .......... 65,000

Instructions
Prepare the 2012 retained earnings statement for Packee Inc.

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