Statement of Retained Earnings Use the following data to prepare a statement of retained earnings for Barney Corporation. Total retained earnings originally reported at January 1 $400,000 Cash dividends declared during the year 80,000 Net income for the year 193,000 Stock dividend declared during the year 40,000 Note: Do not use negative signs with any of your answers. BARNEY CORPORATION Statement of Retained Earnings For the Year Ended December 31 Add: Less: Stock Dividends Declared $ $

Statement of Retained Earnings Use the following data to prepare a statement of retained earnings for Barney Corporation. Note: Do not use negative signs with any of your answers