Solution-Landon corporation was organized on january 2 2008

Landon corporation was organized on january 2 2008 with the

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Reference no: EM13574867

Landon Corporation was organized on January 2, 2008, with the investment of $100,000 by each of its two stockholders. Net income for its first year of business was $85,200. Net income increased during 2009 to $125,320 and to $145,480 during 2010. Landon paid $20,000 in dividends to each of the two stockholders in each of the three years.

Required

Prepare a statement of retained earnings for the year ended December 31, 2010.

Reference no: EM13574867

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Landon corporation was organized on january 2 2008 with the

Reference no: EM13574867

Reference no: EM13574867

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