Blake Knudson owns and operates Grab Bag Delivery Services. On January 1, 2018, Retained Earnings had a balance of $623,500. During the year, Blake invested an additional $36,000 in exchange for common stock, and $14,500 of dividends were paid. For the year ended December 31, 2018, Grab Bag Delivery Services reported a net income of $92,510.

Prepare a retained earnings statement for the year ended December 31, 2018. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign. Refer to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the heading of the statement.

Answer rating: 100% (QA)

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