Question: Exercise 11-18 (Static) Preparing a statement of retained earnings LO C3 Prepare a statement of retained earnings for Tidal Company for the year ended December

Exercise 11-18 (Static) Preparing a statement of retained earnings LO C3 Prepare a statement of retained earnings for Tidal Company for the year ended December 31, 2020, using the following data.

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

Cash dividends declared and paid in 2020 $ 8,000 Retained earnings at December 31, 2019 60,000 Net income in 2020

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