IN OWN WORDS, about 300-500 words, comment on the performance of the companys retained earnings in three years as below. Do not consider other financial performance/ ratio.

EXHIBIT 2: THE ITALIAN BAKERY-STATEMENT OF RETAINED EARNINGS (FOR YEARS ENDING DECEMBER 31) 2014 2013 2012 55,867 62,453 47,142 31,586 (25,000) (35,000) 74,595 62,453 Beginning retained earnings (Add) Net income (Less) Dividends Ending retained earnings Source: Company files. $ $ $ $ $ $ 26,082 64,785 (35,000) 55,867 EXHIBIT 2: THE ITALIAN BAKERY-STATEMENT OF RETAINED EARNINGS (FOR YEARS ENDING DECEMBER 31) 2014 2013 2012 55,867 62,453 47,142 31,586 (25,000) (35,000) 74,595 62,453 Beginning retained earnings (Add) Net income (Less) Dividends Ending retained earnings Source: Company files. $ $ $ $ $ $ 26,082 64,785 (35,000) 55,867