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Statement of Retained Earnings Landon Corporation was organized on January 2, 2015, with the investment of $100,000 by each of its two stockholders. Net Income

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Statement of Retained Earnings Landon Corporation was organized on January 2, 2015, with the investment of $100,000 by each of its two stockholders. Net Income for its first year of business was $97,486 Net income increased during 2016 to $141,350 and to $165,380 during 2017. Landon paid $23,000 in dividends to each of the two stockholders in each of the three years. Required: Prepare a statement of retained earnings for the year ended December 31, 2017 Landon Corporation Statement of Retained Earnings For the Year Ended December 31, 2017 Retained earnings, January 1, 2017 Net Income for 2017 Dividends declared and paid Retained caring, December 31, 2017

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