Rockwell Inc. reported the following results for the year ended June 30, 2014: Retained earnings, July 1, 2013.......... $3,900,000 Net income .................714,000 Cash dividends declared............ 100,000 Stock dividends declared............ 50,000 Prepare a retained earnings statement for the fiscal year ended June 30, 2014.
Chapter 11, Practice Exercises #13
Rockwell Inc. reported the following results for the year ended June 30, 2014:
Retained earnings, July 1, 2013.......... $3,900,000
Net income .................714,000
Cash dividends declared............ 100,000
Stock dividends declared............ 50,000
Prepare a retained earnings statement for the fiscal year ended June 30, 2014.
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Related Book For 
Corporate Financial Accounting
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
ISBN: 978-1133952411