Prepare a retained earnings statement for the fiscal year

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Problem - Retained earnings statement

Emmy Leaders Inc. reported the following results for the year ending August 31, 2012:

Retained earnings, September 1, 2011 $740,000

Net income 145,000

Cash dividends declared 5,000

Stock dividends declared 30,000

Required - Prepare a retained earnings statement for the fiscal year ended August 31, 2012.

Reference no: EM132683278

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