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Cell One Corporation began 2018 with retained earnings of $280 million. Revenues during the year were $440 million, and expenses totaled $340 million. Cell
Cell One Corporation began 2018 with retained earnings of $280 million. Revenues during the year were $440 million, and expenses totaled $340 million. Cell One declared dividends of $58 million. What was the company's ending balance of retained earnings? To answer this question, prepare Cell One's statement of retained earnings for the year ended December 31, 2018, complete with its proper heading. Prepare the statement of retained earnings. (Enter all amounts in millions. Enter a net loss with a minus sign or parentheses. Include a subtotal after the "Add" line of the statement.) Add: Subtotal Less: (millions)
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