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As of January 1, Retained Earnings had a credit balance of $43,400. During the year, dividends totaled $1,200, and the business incurred a net loss
As of January 1, Retained Earnings had a credit balance of $43,400. During the year, dividends totaled $1,200, and the business incurred a net loss of $60,800 a. Compute the balance of Retained Earnings as of the end of the year. b. Assuming that there have been no recording errors, will the balance sheet prepared at December 31 balance? a. Prepare a horizontal analysis of the operating income statements. Round percentages to one decimal place. Use a minus sign for any negative values Amazon.com, Inc. Operating Income Statements For the Years Ended December 31 Year 2 Year 1 Increase/(DecreasePercent in millions) in millions) (in millions) 3Product sales 4Service sales Total sales $70,080.00 18.908.00 $88,988.00 $62.752.00 10.766.00 4.332.00 9,275.00 1.552.00 133.00 $88.810.00 178.00 S60,903.00 13.549.00 $74.452.00 54,181.0 Cost of sales Fulfillment s Marketing 9 Technology and content 10 General and administrative 1Other operating expense (income), net 12 Total operating expenses 1 Income from operations b. Which of these could possibly cause a decline in income from operations? 8.585.00 3,133.00 6.565.00 1.129.00 114.00 $73.707.00 745.00 Increase in the total sales O Increase in current assets Increase in dividends Increase in operating expenses
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