Calculate the share capital and retained earnings balances

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Question - A company has the following transactions over its 4-year history:

Year 1 Incorporates, issues stock for $400 million, earns $25 million

Year 2 Earns $35 million, pays $5 million dividend

Year 3 Repurchase $50 million of stock, has net loss of $15 million pays $5 million dividend

Year 4 Issues stock for $575 million, earns income of $55 million pays $10 million dividend

Required - Calculate the Share Capital and Retained Earnings balances at the end of each year.

Reference no: EM133073068

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