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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

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.
Beginning Retained Earnings 0
+ Net Income (Loss) 0
= Subtotal 0
- Dividends Declared 0
= Ending Retained Earnings 0

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