Prepare a retained earnings statement

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Reference no: EM131195107

Retained earnings statement ObJ. 2

Marcie Davies owns and operates Gemini Advertising Services.

On January 1, 2015, Retained Earnings had a balance of $618,500. During the year, Marcie invested an additional $40,000 in exchange for common stock, and $15,000 of dividends were paid.

For the year ended December 31, 2015, Gemini Advertising Services reported a net income of $92,330.

Prepare a retained earnings statement for the year ended December 31, 2015.

Reference no: EM131195107

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