Question: Question 8 , Tl 1 3 - 5 ( similar to ) Points: 0 of 2 9 . Parfait, Inc. had beginning retained earnings of

Question 8, Tl13-5(similar to) Points: 0 of 2 9. Parfait, Inc.

Question 8, Tl13-5(similar to)
Points: 0 of 2
9. Parfait, Inc. had beginning retained earnings of $260,000 on January 1,2016. During the year, Parfait declared and paid $120,000 of cash dividends and earned $220,000 of net income. Prepare a statement of retained earnings for Parfait, Inc. for the year ending December 31,2016.(Use a minus sign or parentheses when subtracting numbers.)
Parfait, Inc.
Statement of Retained Earnings
Year Ended December 31,2016
had beginning retained earnings of $260,000 on January 1,2016. During the year,

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