The Board of Directors of your company has voted to issue additional stock to raise capital for major expansions in the next 5 years. The board is considering $5 billion.

Generate a projected statement of retained earnings based on the given scenario.

Analyze the impact on the statement of retained earnings based on the given scenario. The company I am using is Kroger.

Retained earnings reported in 2023 are $230.18 million, and $240.66 million in 2022. Net income is $2244 million in 2023, and $1655 million in 2022. Dividends were $0.26 per share in 2023 and $0.21 per share in 2022.