Question $8,$ Tl$13-5($similar to$)$

Points: $0$ of $2$

$9.$ Parfait, Inc. had beginning retained earnings of $$260,000$ on January $1,2016.$ During the year, Parfait declared and paid $$120,000$ of cash dividends and earned $$220,000$ of net income. Prepare a statement of retained earnings for Parfait, Inc. for the year ending December $31,2016.($Use a minus sign or parentheses when subtracting numbers.$)$

Parfait, Inc.

Statement of Retained Earnings

Year Ended December $31,2016$