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Retained earnings - Pecos 1/1/13 (1,005,000) Retained earnings - Suaro 1/1/13 Net income (396,000) Dividends paid 200,000 Retained earnings 12/31/13 ($1,201,000)

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Retained earnings - Pecos 1/1/13 (1,005,000) Retained earnings - Suaro 1/1/13 Net income (396,000) Dividends paid 200,000 Retained earnings 12/31/13 ($1,201,000)

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