Retained earnings : The retained earnings are the undistributed earnings during the year reported in the statement of retained earnings, the statement of retained earnings shows retained earnings, retained earnings increases with an increase in income and decrease with loss, withdrawal, and dividends. The statement of retained earnings for year 1.

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Chapter 1, Problem 22E

(a).

To determine

Concept Introduction:

Retained earnings: The retained earnings are the undistributed earnings during the year reported in the statement of retained earnings, the statement of retained earnings shows retained earnings, retained earnings increases with an increase in income and decrease with loss, withdrawal, and dividends.

The statement of retained earnings for year 1.

(a).

To determine

Concept Introduction:

Retained earnings: The retained earnings are the undistributed earnings during the year reported in the statement of retained earnings, the statement of retained earnings shows retained earnings, retained earnings increases with an increase in income and decrease with loss, withdrawal, and dividends.

The statement of retained earnings for year 2.

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