Statement of Retained Earnings

Jackson, Inc. has been in business for many years. Retained earnings on January 1, 2017, is $215,800. The following information is available for the first two months of 2017:

	January			February
Revenues	$83,000			$96,000
Expenses	89,000			82,000
Dividends paid	0			5,000

Required:

Prepare a statement of retained earnings for the month ended February 28, 2017.

Jackson, Inc.
Statement of Retained Earnings
For the Month Ended February 28, 2017
Retained earnings, beginning of month	$
Net income
Dividends for the month
Retained earnings, end of month	$

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