FlamingoOstrich Corporation was established in 2017 by TCC graduates. Headquartered about 7 minutes from the Narrow's bridge (here is a video of the old bridge), the company has grown to almost three times its original size due to its continued focus on the triple bottom line - people, planet, and profits. The company's fiscal year runs from July 1 to June 30 and the company has provided the following financial statements and additional information for its most current period.

Additional Information a. The only changes affecting retained earnings are net income and cash dividends paid. b. New equipment is acquired for $70,600 cash. Additional Information a. The only changes affecting retained earnings are net income and cash dividends paid. b. New equipment is acquired for $70,600 cash