Homework Answers
Ending retained earnings 2015 = 85200-40000 = 45200
Ending retained earnings = 45200+125320-40000 = 130520
| Beginning retained earnings 2017 | 130520 |
| Add: Net income | 145480 |
| Less: Dividend | -40000 |
| Ending retained earnings 2017 | 236000 |
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