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2 . 4 Jazz Inc. has the following statements of retained earnings for the years ended December 3 1 , 2 0 0 8 ?to

2.4Jazz Inc. has the following statements of retained earnings for the years ended December 31,2008 ?to December 31,2010.2010200920082007Statement of Retained EarningsRetained earnings, 1/1________________300,000Net income (loss)(75,000)________100,000Dividends paid________56,00045,000Retained earnings, 12/31290,000400,000________300,000

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