Following is selected financial information for Boardwalk for the year ended December 31, 2011.
Retained earnings,Dec.31,2011 | $15.000 | Cash dividends | $2.000 |
Net income | 9.000 | Retained earnings. Dec. 31. 2010 | 8.000 |
Required
Prepare the 2011 statement of retained earnings for Boardwalk.
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