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Retained Earnings Statement Dittman Expositions has the following data available: Dividends, 2019 $7,650 Dividends, 2020 9,910 Expenses, 2019 397,000 Expenses, 2020 412,600 Retained earnings, 12/31/2018
Retained Earnings Statement
Dittman Expositions has the following data available:
Dividends, 2019 | $7,650 |
Dividends, 2020 | 9,910 |
Expenses, 2019 | 397,000 |
Expenses, 2020 | 412,600 |
Retained earnings, 12/31/2018 | 17,400 |
Revenues, 2019 | 419,600 |
Revenues, 2020 | 442,400 |
Required:
Prepare retained earnings statements for 2019 and 2020.
Dittman Expositions | ||
Retained Earnings Statement | ||
For the Years Ended December 31, 2019 and December 31, 2020 | ||
2019 | 2020 | |
Retained earnings, beginning of year | $fill in the blank 2 | $fill in the blank 3 |
Add: Net income | fill in the blank 5 | fill in the blank 6 |
Less: Dividends | fill in the blank 8 | fill in the blank 9 |
Retained earnings, end of year | $fill in the blank 11 | $fill in the blank 12 |
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