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Rockwell Inc. reported the following results for the year ended June 30, 2016: Retained earnings, July 1, 2015 $3,894,000 Net income 716,800 Cash dividends declared
Rockwell Inc. reported the following results for the year ended June 30, 2016:
Retained earnings, July 1, 2015 | $3,894,000 |
Net income | 716,800 |
Cash dividends declared | 103,900 |
Stock dividends declared | 52,000 |
Prepare a retained earnings statement for the fiscal year ended June 30, 2016.
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