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Dry Creek Cameras Inc. reported the following results for the year ending October 31, 20Y9: Retained earnings, November 1, 20Y8 $1,257,000 Net income 364,500 Cash
Dry Creek Cameras Inc. reported the following results for the year ending October 31, 20Y9:
Retained earnings, November 1, 20Y8 | $1,257,000 |
Net income | 364,500 |
Cash dividends declared | 110,000 |
Stock dividends declared | 283,000 |
Prepare a retained earnings statement for the fiscal year ended October 31, 20Y9.
Dry Creek Cameras Inc. | ||
Retained Earnings Statement | ||
For the Year Ended October 31, 20Y9 | ||
$ | ||
$ | ||
$ |
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