PART C ANSWER?? I'm not sure if it's meant that I need to apply the tax rate of 34% to the retained earnings from each year..

reason man to confuse you ), is from Mueller Inc.'s trial balance as on December 31, 2019 and December 31, 2020 2019 Accounts Payable Accounts Receivable Cash Cost of Goods Sold Depreciation Dividends Interest Inventory Long-term Debt Net Fixed Assets Other Expenses Sales Short-term Notes Payable 5,179 6,527 4,931 3,235 1,350 1,147 630 11,604 16,152 41,346 767 9,402 953 2020 5,022 7,352 6,244 3,672 1,351 1,261 724 11,926 19,260 42,332 641 10,091 895 Required: a. Construct the primary financial statements, in good form, for either 2019 or 2020, using page 3 and/or 4, or using additional pages..."Extra Credit " if you prepare the financial statements for both years! b. How much was the change, if any, in the company's retained earnings in each or both years? c. Assume a tax rate of 34%