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Applying Financial Statement Relations to Compute Dividends a. Fill in the amounts for the Norfolk Southern statement of changes in retained earnings. Note: Use
Applying Financial Statement Relations to Compute Dividends a. Fill in the amounts for the Norfolk Southern statement of changes in retained earnings. Note: Use negative signs with your answers, when appropriate. Norfolk Southern Inc. Consolidated Statements of Changes in Retained Income Beginning Balance at Dec. 31, 2015 $14,267 Net income 0 Dividends on Common Stock (973) Share repurchases (1,023) Other (11) Ending Balance at Dec. 31, 2016 14,595 Net income 7,566 Dividends on Common Stock 0 Share repurchases (1,323) Other (7) Ending Balance at Dec. 31, 2017 19,846 Net income 3,732 Dividends on Common Stock (1,182) Share repurchases 0 113 Other Ending Balance at Dec. 31, 2018 $18,816 b. Is it true (or false) that Norfolk Southern purchased its own shares back during each year from 2016 to 2018?
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