Question: SEE SAMPLE BY CLICKING THE TAB AT THE BOTTOM 1 2 What is the Net Income for 2021? What is the Adjusted Retained Earnings on

SEE SAMPLE BY CLICKING THE TAB AT THE BOTTOM 1 2 What is the Net Income for 2021? What is the Adjusted Retained Earnings on 1/1/20? 3 Assume the Board of Directors restricted retained earnings in the amount of $280,000 on December 31, 2020. What amount of RE is reported in the 3.1 Are there any additional reporting requirement for the restriction? What is required? FINACIAL STATEMENT PUNCTUATION: 1 $ for the first and last amounts in a column ! 2 ADD UNDERLINE BEFORE a subtotal. 3 ADD DOUBLE UNDERLINE AFTER A FINAL TOTAL HOW TO PREPARE A STM OF RE SEE SAMPLE BY CLICKING THE TAB AT THE BOTTOM 1 2 What is the Net Income for 2021? What is the Adjusted Retained Earnings on 1/1/20? 3 Assume the Board of Directors restricted retained earnings in the amount of $280,000 on December 31, 2020. What amount of RE is reported in the 3.1 Are there any additional reporting requirement for the restriction? What is required? FINACIAL STATEMENT PUNCTUATION: 1 $ for the first and last amounts in a column ! 2 ADD UNDERLINE BEFORE a subtotal. 3 ADD DOUBLE UNDERLINE AFTER A FINAL TOTAL HOW TO PREPARE A STM OF RE

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