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Exercise 1-16 Presented below is information related to Cullumber, Attorneys at Law. Retained earnings, January 1, 2020 Legal service revenue-2020 Total expenses-2020 Assets, January 1,

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Exercise 1-16 Presented below is information related to Cullumber, Attorneys at Law. Retained earnings, January 1, 2020 Legal service revenue-2020 Total expenses-2020 Assets, January 1, 2020 Liabilities, January 1, 2020 Assets, December 31, 2020 Liabilities, December 31, 2020 Dividends-2020 $38,000 325,000 201,000 90,000 52,000 158,000 100,000 104,000 Prepare the 2020 retained earnings statement for Cullumber, Attorneys at Law. (List items that increase retained earnings first.) Cullumber, Attorneys at Law Retained Earnings Statement VO LINK TO TEXT

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