Statement of Retained Earnings for Brunswick Corporation Brunswick Corporation reported the following amounts in various statements included in its 2008 annual report. (All amounts are stated in millions of dollars.)

Net loss for 2008 $ 788.1 Cash dividends declared and paid in 2008 4.4 Retained earnings, December 31, 2007 1,888.4 Retained earnings, December 31, 2008 1,095.9 Required 1. Prepare a statement of retained earnings for Brunswick Corporation for the year ended December 31, 2008.

2. Brunswick 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 that is not included on a statement of retained earnings.

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