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eBook You are the accountant for Kamal Fabricating, Inc and you oversee the preparation of financial statements for the year just ended 6/30/2020. You have

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eBook You are the accountant for Kamal Fabricating, Inc and you oversee the preparation of financial statements for the year just ended 6/30/2020. You have the following information from the company's general ledger and other financial reports (all balances are end of year except for those noted otherwise): Cash $10,000 Common stock 9,000 Accounts recevable 7,000 Accounts payable 2,000 Cash dividends declared for the year 2,000 Additional paid in capital 4,000 Prepaid insurance 5,000 Prior period adjustment, net of income taxes (2.000) Uncanned revenue 4,000 Retained earnings, beginning of the year 3,000 Net Income for the year 9,000 Prepare the company's statement of ietained Earrings Kamal Fabricating, Inc. Statement of Retained Earnings Year Ended June 30, 2020 eBook Carees Torres 7 4,000 Additional paid in capital Prepaid insurance Prior period adjustment, net of Income taxes Unearned revenue Retained earnings, beginning of the year Net income for the year 5,000 (2,000) 4,000 8,000 9,000 Prepare the company's statement of Retained Eaminen Kamal Fabricating, Inc. Statement of Retained Earnings Year Ended June 30, 2020

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