M1-12 Preparing a Statement of Retained Earnings (LO 1-2) Stone Culture Corporation was organized on January 1, 2017. For its first two years of operations, it reported the following: Net Income for 2017 Net Income for 2018 Dividends for 2017 Dividends for 2018 Total assets at the end of 2017 Total assets at the end of 2018 $ 42,000 47,000 16,000 22,000 127,000 244,000 On the basis of the data given, prepare a statement of retained earnings for both 2017 (its first year of operations) and 2018. Complete this question by entering your answers in the tabs below. 2017 Stmt of 2018 Stmt of RE RE 2018 Stmt of RE On the basis of the data given, prepare a statement of retained earnings for 2017. STONE CULTURE CORPORATION Statement of Retained Earnings Retained Earnings, January 1, 2017 Retained Earnings, December 31, 2017 UP M1-12 Preparing a Statement of Retained Earnings (LO 1-2) Stone Culture Corporation was organized on January 1, 2017. For its first two years of operations, it reported the following: Net Income for 2017 Net Income for 2018 Dividends for 2017 Dividends for 2018 Total assets at the end of 2017 Total assets at the end of 2018 $ 42,000 47,000 16,000 22,000 127,000 244,000 On the basis of the data given, prepare a statement of retained earnings for both 2017 (its first year of operations) and 2018. Complete this question by entering your answers in the tabs below. 2017 Stmt of 2018 Stmt of RE RE On the basis of the data given, prepare a statement of retained earnings for 2018. STONE CULTURE CORPORATION Statement of Retained Earnings Retained Earnings, January 1, 2018 Retained Earnings, December 31, 2018 2017 Stmt of RE 2018 MOT RE 2 Dreu 6 of 6 Next >