Based on the preceding information prepare a retained

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Reference no: EM13481521

The following information is available for Grey Goose Inc.:

Beginning retained earnings $600,000
Cash dividends declared 60,000
Net income for 2014 120,000
Stock dividend declared 15,000
Understatement of last year's depreciation expense 30,000

Instructions

Based on the preceding information, prepare a retained earnings statement for 2014 in the box below.
GREY GOOSE INC.
Retained Earnings Statement
For the Year Ended December 31, 2014.

Reference no: EM13481521

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