Question: Problem 12-2B Retained earnings, dividends LO2, 4 eycel The equity sections from the 2023 and 2024 balance sheets of The Saucy Bread Company Inc. appeared

Problem 12-2B Retained earnings, dividends LO2, 4 eycel The equity sections from the 2023 and 2024 balance sheets of The Saucy Bread Company

Problem 12-2B Retained earnings, dividends LO2, 4 eycel The equity sections from the 2023 and 2024 balance sheets of The Saucy Bread Company Inc. appeared as follows: On February 11, May 24, August 13, and December 12, 2024, the board of directors declared $0.30 per share cash dividends on the outstanding shares. 7,500 common shares were issued on August 1,2024 , and another 10,000 were issued on November 2,2024 . RequIrea Under the assumption that there were no transactions affecting retained earnings other than the ones given, determine the 2024 profit of the company. Show your calculations

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