An update downloaded and ready to instal. Word An update has been downloaded and is ready to install Updates Ready to Install Do you want to restart to install the updates now or try tonight? (D e a keegan 6012 im [compatibility as edugen willeyplus com (19) Bebe Rexha The Way Weygandt, Accounting Principles, 12e Principles of Accounting 12e (ACC 171/272 ractice Assignment ignment NEXT Brief Exercise 14-6 The balance in retained earnings on January 1, 2017, for Palmer Inc. was $750,000, During the year, the corporation paid cash dividends of $86,000 and distributed a stock dividend of $8.300. In addition, the company determined that it had understated its insurance expense in prior years by $49,000. Net income for 2017 was $120,000. Prepare the retained earnings statement for 2017. (List items that increase retained earnings first.) PALMER INC. Retained Earnings Statement 4.22.1.5 Brivao Policy I R 2000:2012 John s Sons, Inc. All Rights Reserved, A Division of John wiex s sons, Inc