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Blue Corporation's financial accounting records disclose the following results for the period ending December 31 of the current year: B (Click the icon to view
Blue Corporation's financial accounting records disclose the following results for the period ending December 31 of the current year: B (Click the icon to view the results for the period ending December 31.) Requirement What is Blue's unappropriated retained earnings balance on December 31 of the current year? (lf a box is not used in the table leave the box empty; do not enter a zero.) Schedule M-2 Analysis of Unappropriated Retained Earnings per Books 1 Balance at beginning of year .......... 5 Distributions: a Cash .......... 2 Net income (loss) per books ............. b Stock ......... 3 Other increases (itemize): c Property 6 Other decreases (itemize): 7 8 Add lines 5 and 6 ..... Balance at end of year (line 4 less line 7). 4 Add lines 1, 2, and 3.. - MUUNITIES C IU . . . . . . . . . . . . . . . . . . . Retained earnings balance on January 1 Net income for year Contingency reserve established on December 31 Cash dividend paid on July 23 263,700 289,654 115,000 38,000
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