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Given is the Income Statement for the year ended December 31, 20XX, Statement of Retained Earnings for the year ended December 31, 20XX and Comparative
Given is the Income Statement for the year ended December 31, 20XX, Statement of Retained Earnings for the year ended December 31, 20XX and Comparative Balance Sheets for 20XW and 20XX of Maris Corporation: Sales Cost of goods sold Gross profits Selling and administrative expense Amortization expense Operating income Interest expense Maris Corporation Income Statement Year Ended December 31, 20XX Earnings before taxes Taxes Earnings after taxes Preferred stock dividends Earnings available to common shareholders Shares outstanding Earnings per share Statement of Retained Earnings For the Year Ended December 31, 20XX Retained earnings, balance, January 1, 20XX Add: Earnings available to common shareholders, 20XX Deduct: Cash dividends declared and paid in 20XX Retained earnings, balance, December 31, 20XX $6,000,000 4,150,000 1,850,000 760,000 280,000 810, 000 55,000 755,000 380,000 375,000 30,000 $345,000 143, 750 $2.40 $920,000 345,000 150,000 $1,115,000
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