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Carla Vista was reviewing his company's activities at the end of the year (2022) and decided to prepare a retained earnings statement. At the beginning

Carla Vista was reviewing his company's activities at the end of the year (2022) and decided to prepare a retained earnings statement. At the beginning of the year his assets were $595,000, liabilities were $131,000, and common stock was $112,000. The net income for the year was $255,000. Dividends of $213,000 were paid during the year. Prepare a retained earnings statement in good form. (List items that increase retained earnings first.)

CARLA VISTA COMPANY Retained Earnings Statement

At December 31, 2022For the Year Ended December 31, 2022For the Month Ended December 31, 2022

select an opening name

DividendsExpensesNet Income / (Loss)Retained Earnings, BeginningRetained Earnings, EndingRevenuesTotal ExpensesTotal Revenues

$enter a dollar amount

select between addition and deduction

AddLess

: select an item

DividendsExpensesNet Income / (Loss)Retained Earnings, BeginningRetained Earnings, EndingRevenuesTotal ExpensesTotal Revenues

enter a dollar amount

enter a subtotal of the two previous amounts

select between addition and deduction

AddLess

: select an item

DividendsExpensesNet Income / (Loss)Retained Earnings, BeginningRetained Earnings, EndingRevenuesTotal ExpensesTotal Revenues

enter a dollar amount

select a closing name

DividendsExpensesNet Income / (Loss)Retained Earnings, BeginningRetained Earnings, EndingRevenuesTotal ExpensesTotal Revenues

$enter a total amount

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