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Make a retained earnings statement for the fiscal year ended

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Problem - Dry Creek Cameras Inc. reported the following results for the year ending March 31, 20Y6:

Retained earnings, April 1, 20Y5 $3,338,500

Net income 461,500

Cash dividends declared 80,000

Stock dividends declared 120,000

Required - Make a retained earnings statement for the fiscal year ended March 31, 20Y6.

Reference no: EM132778808

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