Question: Problem 1-61A (Algorithmic) Retained Earnings Statement Dittman Expositions has the following data available: $8,350 Dividends, 2019 Dividends, 2020 9,910 Expenses, 2019 393,000 Expenses, 2020 412,600

Problem 1-61A (Algorithmic) Retained Earnings Statement Dittman Expositions has the following

Problem 1-61A (Algorithmic) Retained Earnings Statement Dittman Expositions has the following data available: $8,350 Dividends, 2019 Dividends, 2020 9,910 Expenses, 2019 393,000 Expenses, 2020 412,600 16,900 Retained earnings, 12/31/2018 Revenues, 2019 419,200 Revenues, 2020 442,400 Required: Prepare retained earnings statements for 2019 and 2020. Dittman Expositions Retained Earnings Statement For the Years Ended December 31, 2019 and December 31, 2020 2019 2020 Retained earnings, beginning of year 16,900 $ Add: Net income Less: Dividends Retained earnings, end of year

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