Function: SUM; Formula: Subtract; Cell Referencing
Some cells are merged.
Using Excel to Prepare a Statement of Retained Earnings			Student Work Area
PROBLEM		Required: Provide input into cells shaded in yellow in this template. Input the required mathematical formulas or functions with cell references to the Problem area or work area as indicated.
For the year ended December 31, 2024, Ison Inc. reported profit and declared and paid cash dividends. Information from Ison's accounting records for the year ended December 31, 2024 is presented here.
	Make a statement of retained earnings for the year ending December 31, 2024.
	Profit during the year	$ 125,000
	Cash dividends declared	80,000				Ison, Inc.
	Cash dividends paid	65,000				Statement of Retained Earnings
	Retained Earnings on December 31, 2023	219,000				Year Ended December 31, 2024