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Emmy Leaders Inc. reported the following results for the year ending August 31, 2012: Retained earnings, September 1, 2011 .$740,000 Net income .145,000 Cash dividends

Emmy Leaders Inc. reported the following results for the year ending August 31, 2012: Retained earnings, September 1, 2011 .$740,000 Net income .145,000 Cash dividends declared 5,000 Stock dividends declared 30,000 Prepare a retained earnings statement for the fiscal year ended August 31, 2012.

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