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Use the following to answer questions 2022 Determine ending retained earnings for years 1, 2 and 3 . At the beginning of year 1 ,
Use the following to answer questions 2022 Determine ending retained earnings for years 1, 2 and 3 . At the beginning of year 1 , the retained earnings had a $0 balance. Use the following to answer questions 2328 The company provides food delivery services to construction sites. At the end of the year, the company reports the following amounts: CashFoodtrucksMaintenanceexpenseSalariespayablePapersuppliesusedPapersupplics$25,000250,000GarageOffice18,000Salariesexpense1,000Notepayable4,000Accountspuyable1,000FoodexpenseServicerevenue$62,000250,000450,00012,000400,000$785,000 In addition, the company had common stock of $100,000 at the beginning of the year and issued an additional $50,000 of stock during the year. The company also had retained earnings of $212,000 at the beginning of the year and declared $100,000 in dividends during the year. In addition, the company had common stock of $100,000 at the beginning of the year and issued an additional $50,000 of stock during the year. The company also had retained earnings of $212,000 at the beginning of the year and declared $100,000 in dividends during the year
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