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Statement of Retained Earnings Landon Corporation was organized on January 2, 2014, with the investment of $70,000 by each of its two stockholders. Net
Statement of Retained Earnings Landon Corporation was organized on January 2, 2014, with the investment of $70,000 by each of its two stockholders. Net income for its first year of business was $98,370. Net income increased during 2015 to $144,600 and to $169,180 during 2016. Landon paid $24,000 in dividends to each of the two stockholders in each of the three years. Required:
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Introduction to Accounting An Integrated Approach
Authors: Penne Ainsworth, Dan Deines
6th edition
78136601, 978-0078136603
