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Windsor, Inc. reported retained earnings at December 31, 2019, of $307,500. Windsor had 203,500 shares of common stock outstanding at the beginning of 2020.
Windsor, Inc. reported retained earnings at December 31, 2019, of $307,500. Windsor had 203,500 shares of common stock outstanding at the beginning of 2020. The following transactions occurred during 2020. 1. A cash dividend of $0.60 per share was declared and paid. 2. A 5% stock dividend was declared and distributed when the market price per share was $13 per share. 3. Net income was $289,000. Compute the ending balance in retained earnings at the end of 2020. (List items that increase retained earnings first.) Windsor, Inc. Retained Earnings Statement $ 69 +A
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