Statement of Retained Earnings for The Walt Disney Company The Walt Disney Company reported the following amounts in various statements included in its 2006 annual report. (All amounts are stated in millions of dollars.)

Required 1. Prepare a statement of retained earnings for The Walt Disney Company for the year ended September 30, 2006.
2. The Walt Disney Company does not actually present a statement of retained earnings in its annual report. Instead, it presents a broader statement of shareholders’ equity. Describe the information that would be included on this statement and that is not included on a statement of retained earnings.

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Net income for 2006 $ 3,374 Dividends declared and paid in 2006 519 Retained earnings, October 1, 2005 17,775 Retained earnings, September 30, 2006 20,630