Question

Flower Arrangements has just completed operations for the year ended December 31, 2018. This is the third year ofertions for the company. The flowing the be (Click the icon to view the embed data of Flower Arrangements) Click the icon to view the income s ement) d for the busine Prepare the statement of retained earrings of Flower Arrangements for the year anded December 31, 2018 Referend Enter any increases in retained earings prior to the total and any decreases to retained aming below the Data Table Flower Arangements Income Statement Salaries Expense $ 43.000 Service Revenge Insurance Expense Service Revenue U s Expense Rent Expense Common Stock 1800 5,000 76.000 1 500 11.000 10 000 5.400 Accounts Payable e Supplies Dividends Accounts Receivable 3.000 1000 5000 Equipment 15.100 Rent Ecense Insurance Expense U s Expense Retained Earrings, January 1 Print Done Print Done Choose from any list or enter any number in the input fields and then continue to the next question

Answer 1

Flower Arrangements
Retained Earnings Statement
Year Ended December 31, 2018
Retained Earnings, January 1, 2018	$5,500
Add: Net Income/(loss) for the year	$15,500
	$21,000
Less: Dividends	$4,300
Retained Earnings, December 31, 2018	$16,700