Following are partially completed financial statements (income statement, statement of retained earnings, and balance sheet) for Shaker Corporation. Complete the financial statements. All amounts are in millions.

Transcribed Image Text:

A1 Shaker Corporation Income Statement for Year Ended December 31, 2018 1 2 Net sales 3 Expenses 4 Net income 183 101 a A1 B. E Shaker Corporation Statement of Retained Earnings for Year Ended December 31, 2018 2 Beginning retained earnings 3 Net income 4 Cash dividends declared 5 Ending retained earnings 74 b. (7) %24 12