FRY Itd had an opening retained earnings balance of $14,000 carried forward from the year 2017. In 2018, it earned an additional $54,000 after all expenses were paid. It was then decided that $30,000 was to be paid to the shareholders as dividends. Below is the calculation involved to check the retained earnings at the end of the year 2018: FRY Ltd Statement of Retained Earnings At the end of 2018 Particulars Amount (in $)