EXHIBIT 3.28 Excerpt from Indigo Books & Music Inc.'s Consolidated Statements of Changes in Equity (in thousands of Canadian dollars) RETAINED EARNINGS 2017 2016 Balance, beginning of year 124,089 95,508 Net Income 20,918 28,581 Dividends Declared Balance, end of year 145,007 124,089 EXHIBIT 3.29 Excerpt from Note 3 of Indigo Books & Music Inc.'s 2017 Financial Statements (a) Prepare the closing entries that would have been required to close the Income Summary account. Refer to Exhibit 3.28. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Enter amounts in thousands.) No. Account Titles and Explanation Debit Credit a. Income Summary Retained Earnings (To close income summary account) Dividends Payable Dividends Declared (To close dividends declared)