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10.00 points Shown below in T-account format are the changes affecting the retained earnings of Brenner-Jude Corporation during 2016. At January 1, 2016, the corporation
10.00 points Shown below in T-account format are the changes affecting the retained earnings of Brenner-Jude Corporation during 2016. At January 1, 2016, the corporation had outstanding 103 million common shares $1 par per share. Retained Earnings (S in millions) 98 Beginning balance Retirement of 3 million common shares for $27 million 82 Net income for the year Declaration and payment of a $0.30 per share cash dividend Declaration and distribution 30 of a 4% stock dividend 24 120 Ending balance
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