Morocco Inc. reported the following results for the year ending April 30, 2012:
Retained earnings, May 1, 2011 $ 2,870,000
Net income $ 530,000
Cash dividends declared $ 80,000
Stock dividends declared $ 220,000
Prepare a retained earnings statement for the fiscal year ended April 30, 2012.

Question

Morocco Inc. reported the following results for the year ending April 30, 2012:
Retained earnings, May 1, 2011				$ 2,870,000
Net income						$    530,000
Cash dividends declared					$      80,000
Stock dividends declared				$    220,000	
Prepare a retained earnings statement for the fiscal year ended April 30, 2012.

anonymous · Answer

Open up the attachment, the statement is there :)