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Magical Experiences Vacation Company has the following data available: Dividends, 2019 $ 14,000 Retained earnings, 12/31/2018 $ 55,300 Dividends, 2020 16,000 Revenues, 2019 221,900 Expenses,
Magical Experiences Vacation Company has the following data available:
Dividends, 2019 | $ 14,000 | Retained earnings, 12/31/2018 | $ 55,300 |
Dividends, 2020 | 16,000 | Revenues, 2019 | 221,900 |
Expenses, 2019 | 188,500 | Revenues, 2020 | 325,400 |
Expenses, 2020 | 250,800 |
Required:
Prepare retained earnings statements for 2019 and 2020. |
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