Financial statement information about four different companies is as follows.

Instructions
(a) Determine the missing amounts.
(b) Prepare the retained earnings statement for McKane Company. Assume beginning retained earnings was $0.
(c) Write a memorandum explaining the sequence for preparing financial statements and the interrelationship of the retained earnings statement to the income statement and balancesheet.

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McKane Selara Gordon Hindi Company pny Compn Company $150,000 100,000 January 1,2011 S 80,000 50,000 Assets Liabilities Stockholders' equity 90,000 50,000 117,000 75,000 49,000 180,000 100,000 10,000 December 31, 2011 Assets Liabilities Stockholders' equity 55,000 40,000 80,000 145,000 Stockholders' equity changes in year Additional investment Dividends Total revenues Total expenses 8,000 15,000 10,000 500,000 12,000 10,000 350,000 335,000 400,000 385,000 360,000