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Prepare a retained earnings statement for the fiscal year

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Question - Honey Mill Cameras Inc. reported the following results for the year ending October 31, 20Y9:

Retained earnings, November 1, 20Y8 $1,937,000

Net income $716,700

Cash dividends declared $62,000

Stock dividends declared. $160,000

Required - Prepare a retained earnings statement for the fiscal year ended October 31, 20Y9.

Reference no: EM132558188

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