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Prepare journal entries to record each of these transactions.

Prepare a statement of retained earnings for the current year ended Decen

Prepare the stockholders' equity section of the balance sheet as of Decemt

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Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Prepare a statement of retained earnings for the current year ended December $31.$

Note: Amounts to be deducted should be indicated by a minus sign.