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Question below... please help! Kico Salo. Inc. bosan the your with $10,000 of common stock and $24.000 of retained earnings. On July 5, investors bought
Question below... please help!
Kico Salo. Inc. bosan the your with $10,000 of common stock and $24.000 of retained earnings. On July 5, investors bought $20,000 of additional stock in the business On October 22. the business purchased Tand valued at $60,000. The income statement for the year onded December 31, 2018, reported a not loss of $11,000. During this fiscal year, the business paid $750 for dividends each month Head the Requirement 1. Prepare Kapea Salo's statement of retaned earnings for the your ended December 31, 2018 ( a box is not used in the statomart, learn the box empty; do not select a label or enter a zora) Complete the statement of retained caring Kappa Safe, Inc Statement of Retained Earnings For the Year Ended December 31, 2018 List Sales of common stock Requirement 2. Did the retained earrings of the business increase or decrease during the year? What caused this change? The retained anings of the business due to Step by Step Solution
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