Question: Current Attempt in Progress Sandhill Paper Mill, Inc., had, at the beginning of the current fiscal year, April 1, 2016, retained earnings of $324,100. During

Current Attempt in Progress Sandhill Paper Mill, Inc., had, at the

Current Attempt in Progress Sandhill Paper Mill, Inc., had, at the beginning of the current fiscal year, April 1, 2016, retained earnings of $324,100. During the year ended March 31, 2017, the company produced net income after taxes of $713,250 and paid out 40 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, eg. 15.25. List items that increase retained earnings first.) Sandhill Paper Mill, Inc. Retained Earnings for 2017 $ e Textbook and Media Save for Later Attempts: 0 of 2 used Submit

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