Following is selected financial information for Kasio Co. for the year ended December 31, 2007: Retained earnings,

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Following is selected financial information for Kasio Co. for the year ended December 31, 2007:

Retained earnings, Dec. 31, 2007 . . . . . . . $14,000 Cash dividends . . . . . . . . . . . . . . . . . . $1,000 Net income . . . . . . . . . . . . . . . . . . . . . . 8,000 Retained earnings, Dec. 31, 2006 . . . . . . . 7,000 Required Prepare the 2007 calendar-year statement of retained earnings for Kasio.

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