TOTAL SCORE 0 016 2 3 4 ALT RETAINED EARNINGS STATEMENT 5 6 There are five exercises in this sheet. Choose 1-5 7 8 9 Warshaw Company started the year with retained earnings of $120,000. During the year, Warshaw earned revenues of $80,000 and incurred expenses of $50,000. Dividends declared during the year amounted to $10,000. Prepare a Retained Earnings Statement. 0 + 0 = Beginning Retained Earnings Net Income (Loss) Subtotal Dividends Declared Ending Retained Earnings 0 0 = 0 Free Space 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36