Question: Problem 1-58B Retained Earnings Statements The table below presents the retained earnings statements for Dillsboro Corporation for 3 suc- cessive years. Certain numbers are

Problem 1-58B Retained Earnings Statements The table below presents the retained earnings

Problem 1-58B Retained Earnings Statements The table below presents the retained earnings statements for Dillsboro Corporation for 3 suc- cessive years. Certain numbers are missing. Retained earnings, beginning Add: Net income Less: Dividends declared Retained earnings, ending Year 2 $19,500 Year 1 $ (a) 11,100 (c) $ 26,900 (7,400) $ (b) $ (d) (5,200) $ (e) Year 3 $26,700 9,500 $ (f) (g) $34,100 Required: Use your understanding of the relationship between successive retained earnings statements to calculate the missing values (a-g). OBJEC

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