Question: Required: For each of the events, indicate whether it increases retained earnings (I), decreases retained earnings (D), or has no effect on retained earnings (NE).

Required: For each of the events, indicate whether it increases retained

Required: For each of the events, indicate whether it increases retained earnings (I), decreases retained earnings (D), or has no effect on retained earnings (NE). a. Reported net income of $85,000 b. Paid a cash dividend of $10,000 c. Reported sales revenue of $120,000 d. Issued common shares of $50,000 e. Reported a net loss of $20,000 f. Reported expenses of $35,000

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