Kappa Safe, Inc., began the year with $$14,000$ of common stock and $$22,000$ of retained earnings. On June $5,$ investors bought $$15,000$ of additional stock in the business. On September $22,$ the

business purchased land valued at $$80,000.$ The income statement for the year ended December $31,2018,$ reported a net loss of $$4,000.$ During this fiscal year, the business paid $$200$ for dividends

each month.

Read the equirements.

Requirement $1.$ Prepare Kappa Safe's statement of retained earnings for the year ended December $31,2018.($If a box is not used in the statement, leave the box empty; do not select a label or

enter a zero.$)$

Complete the statement of retained earnings.Kappa Safe, Inc., began the year with $$14,000$ of common stock and $$22,000$ of retained earnings. On June $5,$ investors bought $$15,000$ of additional stock in the business. On September $22,$ the

business purchased land valued at $$80,000.$ The income statement for the year ended December $31,2018,$ reported a net loss of $$4,000.$ During this fiscal year, the business paid $$200$ for dividends

each month.

Read the requirements.