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A.-One Travel Service is owned and operated by Kate Duffner. The account balances of A-One Travel Service for the year ended August 31, 20Y6, follow:

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A.-One Travel Service is owned and operated by Kate Duffner. The account balances of A-One Travel Service for the year ended August 31, 20Y6, follow: Cash dividends of \\( \\$ 28,000 \\) were paid during the year. Retained earnings as of September 1, 20Y5, were \\( \\$ 199,000 \\)

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