Hawkeye, Inc.

Statement of Retained Earnings

Year Ended December $31,2025$

10. Hawkeye, Inc. had beginning retained earnings of $250,000 on January 1, 2025. During the year, Hawkeye, Inc. declared and paid $170,000 of cash dividends and earned $190,000 of net income. In addition, the company reports on January 1, 2025, 16,000 shares of common stock at a par value of $9 per share. The company issued this stock at par value, and there were no additional changes in common stock throughout the year. Prepare a statement of retained earnings and statement of stockholders' equity for Hawkeye, Inc. for the year ended December 31 , 2025. Start by preparing a statement of retained earnings for Hawkeye, Inc. for the year ended December 31 , 2025. (Enter any increases in retained earnings prior to the subtotal and any decreases to retained earnings below the subtotal.) Hawkeye, Inc. Statement of Retained Earnings Year Ended December 31, 2025