Crane Paper Mill, Inc., had, at the beginning of the current fiscal year, April 1, 2016,...

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Crane Paper Mill, Inc., had, at the beginning of the current fiscal year, April 1, 2016, retained earnings of $327,625. During the year ended March 31, 2017, the company produced net income after taxes of $713,325 and paid out 42 percent of its net income as dividends. Construct a statement of retained earnings and compute the year-end balance of retained earnings. (Round answers to 2 decimal places, e.g. 15.25. List items that increase retained earnings first.) Crane Paper Mill, Inc. Retained Earnings for 2017 $ $ Crane Paper Mill, Inc., had, at the beginning of the current fiscal year, April 1, 2016, retained earnings of $327,625. During the year ended March 31, 2017, the company produced net income after taxes of $713,325 and paid out 42 percent of its net income as dividends. Construct a statement of retained earnings and compute the year-end balance of retained earnings. (Round answers to 2 decimal places, e.g. 15.25. List items that increase retained earnings first.) Crane Paper Mill, Inc. Retained Earnings for 2017 $ $

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