Net income 530000 cash dividends declared 80000 stock

Reference no: EM13569455

Morocco Inc. reported the following results for the year ending April 30, 2012: Retained earnings, May 1, 2011 $2,870,000 Net income 530,000 Cash dividends declared 80,000 Stock dividends declared 220,000 Prepare a retained earnings statement for the fiscal year ended April 30, 2012.

Reference no: EM13569455

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