A $B$

C

D

E

F

G

H

J

K

$1-3$ Financial information related to In Coil Company for the month ended June $30,2007$ is as follows:

Net Income for June

Dividends during June

$$230,000$

$45,000$

$615,000$

Retained Earnings, June $1,2007$

Using the template provided below, complete a retained earning statement for the month ended June $30,2007.$

Coil Company

Retained Earnings Statement

For the Month Ended June $30,2007$

Retained earnings, June $1,2007$

Retained earnings, June $30,2007$