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Prepare a statement of retained earnings for Barney

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Reference no: EM133118430

Question - Statement of Retained Earnings - Use the following data to prepare a statement of retained earnings for Barney Corporation.

Total retained earnings originally reported at January 1 $400,000

Cash dividends declared during the year 80,000

Net income for the year 193,000

Stock dividend declared during the year 40,000

Reference no: EM133118430

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