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Can someone help me solve this? what am I not getting? any feedback will be a big helpInstructions Labels and Amount Descriptions ! Retained Earnings Statement Instructions Blake Knudson owns and operates Grab BLabels and Amount Descriptions Labels December 31, 2018 For the Year Ended December 31, 2018 For the Year Ended January 1, 20

Prepare a retained earnings statement for the year ended December 31, 2018. If a net loss is incurred or dividends were paid,

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Answer #1
RE Jan.1,18 918000
Net loss -43500
Dividends -15000
Change in RE -58500
RE dec.31,2018 859500
It is given in the question to enter dividend and net loss as a negative number
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