Question: Retained Earnings Statement Climate Control Systems Co. offers its services to residents in the Spokane area. Selected accounts from the ledger of Climate Control Systems
Retained Earnings Statement
Climate Control Systems Co. offers its services to residents in the Spokane area. Selected accounts from the ledger of Climate Control Systems for the fiscal year ended December 31, 2018, are as follows:
| Retained Earnings | Dividends | |||||||
|---|---|---|---|---|---|---|---|---|
| Dec. 31 | 34,400 | Jan. 1 (2018) | 657,000 | Mar. 31 | 8,600 | Dec. 31 | 34,400 | |
| Dec. 31 | 344,000 | June 30 | 8,600 | |||||
| Sept. 30 | 8,600 | |||||||
| Dec. 31 | 8,600 | |||||||
| Income Summary | |||
|---|---|---|---|
| Dec. 31 | 643,300 | Dec. 31 | 987,300 |
| Dec. 31 | 344,000 | ||
Prepare a retained earnings statement for the year.
| Climate Control Systems Co. | ||
| Retained Earnings Statement | ||
| For the Year Ended December 31, 2018 | ||
| $ | ||
| $ | ||
| $ | ||
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