Prepare a retained earnings statement for the fiscal year

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Question - Retained Earnings Statement - Dry Creek Cameras Inc. reported the following results for the year ending October 31, 20Y9:

Retained earnings, November 1, 20Y8 $1,093,000

Net income 404,400

Cash dividends declared 38,000

Stock dividends declared 99,000

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

Reference no: EM133104471

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