Question: Retained Earnings Statement Preparation : Prepare a statement of retained earnings for a company with the following information: beginning retained earnings of $150,000, net income

  1. Retained Earnings Statement Preparation: Prepare a statement of retained earnings for a company with the following information: beginning retained earnings of $150,000, net income of $50,000, and dividends declared of $20,000. What are the ending retained earnings?

 

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