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QUESTION 15 On January 1, 2020, Lundy Corporation had Retained Earnings of $400,000 During the year, Lundy had the following selected transactions and result of operations: 1. Declared stock dividends of $50,000 2. Declared cash dividends of $90,000 3. A 2-for-1 stock split involving the issuance of 200,000 shares of $6 par value common stock for 100,000 shares of $10 par value common stock. The corporation Incurred a net loss of $70,000, 4. Instructions: Preparo Lundy Corporation's retained earnings statement dated December 31, 2020. TTT Arial 3 (120) Path Words: 0