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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