Create a statement of retained earnings for 2016 in good form.

Brady and Co.

List of Accounts from General Ledger in Alphabetical Order

December 31, 2016

(thousands of dollars)

2015 2016

** Dr Cr Dr Cr

Accounts Payable 999,210 1,079,837

Accounts Receivable 2,943,125 3,245,967

Accrued Liabilities - Other 508,643 721,358

Accrued Pension Liabilities 650,216 450,356

Accrued Restructuring Charges 126,000 90,476

Accrued Salaries, Wages and Commissions 281,364 350,191

Accumulated Other Comprehensive Income (Loss) 621,236 85,000

Accumulated Depreciation - Property, Plant & Equipment 1,829,634 1,999,999

Accumulated Post-Employment Benefit Obligation (long-term) 802,316 402,634

Additional Paid-in Capital, Common Stock 299,304 299,304

Additional Paid-in Capital, Preferred Stock 75 75

Allowance for Doubtful Accounts 125,436 124,645

Bonds Payable 244,563 249,046

Cash and Cash Equivalents 401,236 751,329

Common Stock 300,000 284,000

Cost of Goods Sold 3,000,235 2,763,584

Current Portion of Long-term Debt 720,125 849,869

Deferred Tax Assets (current) 62,596 81,236

Deferred Tax Liabilities (long-term) 229,000 440,263

Depreciation Expense 307,200 311,236

Dividends - Common 292,351 214,956

Dividends - Preferred 2,000 945

General & Administrative Expenses 1,732,429 1,459,695

Goodwill and Other Intangibles 3,212,491 3,212,491

Income Taxes Payable 246,002 102,563

Interest Expense 201,366 250,000

Interest Income 10,126 18,227

Investments in unconsolidated affiliated companies 1,235,000 1,456,896

Inventories 163,214 224,561

Long-term Debt 3,223,713 3,702,700

(Loss) Income from Discontinued Operations, net of tax (28,100) 7,453

Preferred Stock 900 900

Prepaid Expenses 141,029 170,296

Property, Plant and Equipment 2,943,216 3,936,726

Provision for income taxes 245,105 201,636

Research and Development Expenses 199,500 496,597

Restructuring Charges 199,506 255,013

Retained Earnings, beginning 2,960,256 5,173,286

Sales 8,430,061 6,526,967

Selling Expenses 19,365 58,890

Short-term Investments 20,000 26,800

Treasury Stock, at cost 4,472,969 4,263,984

Unearned Revenues 456,325 423,689

22,387,069 22,443,269 23,382,838 23,382,838

Net Income (loss)

(56,200) -

Weighted average number of common shares:

FY 2016:

Basic 208,448,076 shares

Diluted 210,348,076 shares

FY 2015:

Basic 218,464,140 shares

Diluted 220,964,140 shares