Question: Dusion Group / oder schedule = 600... McGraw Hill Cornect (Obj 7-8) Videos Saved Help Save Exercise 1-24A The closing process LO 1-9 Sammy's Pizza
Dusion Group / oder schedule = 600... McGraw Hill Cornect (Obj 7-8) Videos Saved Help Save Exercise 1-24A The closing process LO 1-9 Sammy's Pizza opened on January 1, Year 1. Sammy's reported the following for cash revenues and cash expenses for the years Year 1 to Year 3: Year 1 Year 2 Year 3 Cash Revenues $30,000 $40,000 $50,000 Cash Expenses $16,000 $19,000 $27,000 Required ..What would Sammy's Pizza report for net income and retained earnings for the years Year 1. Year 2, and Year 3? Net Income Retained Earnings ances Year Year 1 Year 2 Year 3 c. Assume that Sammy's Pizza paid a $7,500 dividend to stockholders in Year 2. What would Sammy's Pizza report for net income and retained earnings for Year 2 and Year 3? Net Income Retained Earnings Year Year 1 Year 2 Year 3
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