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Prepare a retained earnings statement

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Reference no: EM13510865

Emmy Leaders Inc. reported the following results for the year ending August 31, 2012:

Retained earnings, September 1, 2011 ..........$740,000
Net income ...........................................145,000
Cash dividends declared ..............................5,000
Stock dividends declared ...........................30,000

Prepare a retained earnings statement for the fiscal year ended August 31, 2012.

Reference no: EM13510865

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