Question 9 of 11 18 Current Attempt in Progress For the year ended December 31, 2021, Roger Farms Limited, a private company, reported net income of $400,520. The company declared dividends of $142,600 and paid $49,600 of these dividends during the year. (a) Your answer has been saved. See score details after the due date. Prepare a statement of retained earnings for the year, assuming the balance in Retained Earnings on January 1, 2021. was $632.400. (List items that increase retained earnings first.) ROGER FARMS LIMITED Statement of Retained Earnings December 31, 2021 5632.400 Nec income 400.520 AN Net income & 20 3 O nything Question 9 of 11 n 18 Prepare a statement of retained earnings for the year, assuming the balance in Retained Earnings on January 1, 2021, was $632,400. (List Items that increase retained earnings first.) ROGER FARMS LIMITED Statement of Retained Earnings December 31, 2021 Net Income $ $632,400 400,520 Add Net Tncome $1.032,920 $142600 tess Dividends $ $890,320 Retained earnings. December 31 Attempts: 1 of 1 used (b) o Less Dividends $142,600 Retained earnings, December 31 $ $890,320 Attempts: 1 of 1 used (b) How would this statement change if Roger Farms were a publicly traded company? If Roger were a publicly traded corporation, a would be required instead of a ho Attempts: 0 of 1 used Submit Answer Sayt for Later ORA E ything Attempts: 1 of 1 used nt change if Roger Farms were a publicly traded company? would be required instead of a Submit Answer Attempts: 0 of 1 used nd ng