(Answered) Retained Earnings Statement

See attached;On January 1, 2008, Castle Corporation had retained earnings of $550,000. During the year, Castle had the following selected transactions.;1. Declared cash dividends $120,000.;2. Corrected overstatement of 2007 net income because of depreciation error $30,000.;3. Earned net income $350,000.;4. Declared stock dividends $80,000.;Instructions;Complete the retained earnings statement for the year. (Enter all amounts as positive and subtract where necessary. List multiple entries from largest to smallest eg 10, 5, 3, 2.);CASTLE CORPORATION;Retained Earnings Statement;For the Year Ended December 31, 2008;$;Add;Less;$;Balance, December 31 $;Attachments;Castle Corporation.doc
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Retained Earnings Statement

 


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