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1 - Stone Culture Corporation was organized on January 1...

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Unformatted text preview: Stone Culture Corporation was organized on January 1, 2000. For its first two years of operations, it reported the following: 2000 2010 Net income 35 30,000 $ I110,000 Dividends 15,000 20,000 Total assets 125,000 242,000 Required: Prepare a statement of retained earnings for 2009 {its first year of operations} and 2010. {Leave no cells blank — be certain to enter “0" wherever required. Input all amounts as positive values. l[limit the "5" sign in your response.} Stine flifime Capolafien Staten“ of Retained Earnings Fflf the Tear'Ended December 31 2009 Retained Earnings, January 1 $ Add : Net Income 9 Less : Dividends fl Retained Earnings, December 31 ...
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