Homework Answers
Whispering Corporation
Retained earnings statement
For the year ended December 31, 2020
|
Retained Earnings, January 1, 2020 |
682,100 |
|
Add: Net income |
1,433,300 |
|
2,115,400 |
|
|
Less: Cash Dividends |
- 79,100 |
|
Retained Earnings, December 31, 2020 |
$2,036,300 |
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