Analyzing and Preparing a Retained Earnings Reconciliation

Use the following data to prepare the 2015 retained earnings reconciliation for Bamber Company.

Total retained earnings, December 31, 2014	$458,000
Stock dividends declared and paid in 2015	39,000
Cash dividends declared and paid in 2015	46,000
Net income for 2015	105,000

Hint: Do not use negative signs with your answers.

BAMBER COMPANY Statement of Retained Earnings For the Year Ended December 31, 2015
Retained earnings, December 31, 2014		Answer
AnswerNet incomeCash dividends declaredStock dividends declared		Answer
		Answer
Less: Cash dividends declared	Answer
AnswerNet incomeCash dividends declaredStock dividends declared	Answer	Answer
Retained earnings, December 31, 2015		Answer