prepare a retained earnings statement

Presented below is information related to SAMA Company. On December 31, 2020, company reveale

Question 1: presented below is information related to SAMA Company. company revealed the following information: Sales Revenues Purchases Purchase discounts Cash Loss on discontinued operations (net of tax) Selling expenses Share capital (80,000 ordinary shares) Accounts receivable Land Accumulated de reciation Dividend revenue Inventory, January 1 , 2020 Inventory, December 31, 2020 Unearned service revenue Accrued interest payable Dividends declared Patents Retained earnings, January 1, 2020 Interest expense General and administrative expenses Accounts payable Allowance for doubtful accounts Notes payable Machinery and equipment office supplies income taxes (8 Marks] on December 31, 2020, 2,100,000 36,000 120,000 56,000 256,000 400,000 180,000 740,000 360,000 16,000 304,000 250,000 8,800 2,000 58,000 200,000 580,000 34,000 300,000 120,000 10,000 400,000 900,000 80,000 67200