Question 2 of 8

Question 2 of 8 View Policies Current Attempt in Progress For the year ended December 31, 2021, Windsor Inc. reported profit of $ 178,500. During the year, the company declared a total of $ 112,500 cash dividends and paid $ 80,000 of these dividends. Prepare a statement of retained earnings for the year, assuming the balance in Retained Earnings on December 31, 2020, was $ 259 ,OOO. (List items that incrse retained earnings first) Save for Later WINDSOR INC. Statement of Retained Earnings Attempts: O of 2 used Submit Answer