Statement of Retained Earnings for Fresh Taste Fresh Taste and Subsidiaries reported the following amounts in various statements Included in its Form 10-K for the year ended December 31, 2015. (All amounts are stated in millions of dollars.) Net Income attributable to shareowners of Fresh Taste for 2015 Dividends in 2015 Reinvested earnings, December 31, 2014 Reinvested earnings, December 31, 2015 Required: $11,809 4,068 24,695 32,436 1. Prepare a statement of retained earnings for Fresh Taste for the year ended December 31, 2015. Enter amounts in millions. Fresh Taste Statement of Retained Earnings For the Year Ended December 31, 2015 (Amounts In Millions) 2. Which of the following statement is correct? 1. The statement of shareholders' equity does not show any opening balance. 2. The balance in the statement of shareholder's equity is shown on the income statement. 3. Any information normally provided in the statement of retained earnings is not shown on the Statement of shareholder's equity. 4. Statement of shareholder's equity would also show issuance and retirement of stock.