Prepare the retained earnings statement for 2013. The balance in retained earnings on January 1, 2013, for Booker Inc., was $575,000. During the year, the corporation paid cash dividends of $70,000 and distributed a stock dividend of $15,000. In addition, the company determined that it had overstated its depreciation expense in prior years by $50,000. Net income for 2013 was $120,000. Instructions Prepare the retained earnings statement for 2013. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help
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