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How do I find dividends for year 1-4? Stmt of Retained Earnings Beginning Retained Earnings + Net Income 3 000 - Dividends Ending Retained Earnings

How do I find dividends for year 1-4?
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Stmt of Retained Earnings Beginning Retained Earnings + Net Income 3 000 - Dividends Ending Retained Earnings Income Statement Fir Balance Sheet Tr xpense Assets Revenue Liabilities Stockholders Equity Year/ Trans vear 1 Balance 1-1 1-1 1-2 1-2 Cash flow Retained Accumulated Cash Inventory Equipment Depreciation Notes Payable Common Stock Earnings Yea Tra EA 50.poo vear Bala 13,000 20.000 Oe l12100 O G.060 32000) 0.000 3-1 3-2 1-2 1-3 Closing 3-2 3-3 Cea 44000 Total Ba.000 O 3-3 3000 bkorente 3-1 rear 2 Balance 3-+ 2-1 2-2 Cl To &.0007 2-2 20,000 9D000 2-3 2-3 2-3 2-3 O Closing 14 GOOD (2 Total ement Big Picture Project Transaction Analysis Balance Sheet Income Statement Assets Stockholders Equity Revenue Liabilities Expense Year/ Cash Accumulated Retained Trans Feer 3 flow Cash Inventory Equipment Depreciation Notes Payable Common Stock Earnings elance 3-1 3-2 3-2 3-3 3-3 s) Crou (B0o0 -3 3-3 3-4 d Closing Total rear 4 Balance le,ou 4-1 OP G SOD 4-1 4-2 narowt 4-2 aCKIetlO 4-2 4-2 AS. DOO 4-3 Ara soy Closing 4-4 ISOGUS Total Financial Statement Big Picture Project Transactions 1-1 Get Funding Sign Note for $50,000 @ 10 % Issue Stock for $13,000 1-2 Business Operations Service Revenue $20,000 Operating Expense $12,000 Interest Exp. Principal x 10 % x12/12 1-3 Purchase Equipment @12/31 Purchase a workbench and tools for $32,000 cash; Begin SL Depreciation in Yr. 2 4 yr. useful life, $0 salvage value 2-1 Purchase Inventory for $20,000 cash 2-2 Sell Inventory Sales Revenue $8,000 COGS $3,000 2-3 Business Operations Service Revenue $20,000 Operating Expense $12,000 Depreciation Exp.=cost x 1/4 Interest Exp.= Principal x 10 %x12/12 Financial Statement Big Picture Project Transactions 3-1 Advertising Campaign $4,000 Cash 3-2 Sell Inventory Sales Revenue $15,000 COGS $7,000 3-3 Business Operations Service Revenue $20,000 Operating Expense $10,000 Depreciation Exp. cost x 1/4 Interest Exp.Principal x 10 % x12 / 12 3-4 Purchase Inventory for $12,000 cash 4-1 Sell Inventory Sales Revenue $16,000 COGS $5,500 4-2 Business Operations Service Revenue $38,000 Operating Expense $12,000 Depreciation Exp. cost x 1/4 Interest Exp. Principal x 10 %x12/12 4-3 Make a Loan Payment @12/31 Pay $15,000 on Notes Payable 4-4 Pay Dividends Pay a 15% dividend on the amount invested in Common Stock IF there is enough cash & RE (Record Dividend as a reduction of Retained Earnings)

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