Prepare mrs shahs cookies statement of retained earnings

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Reference no: EM13913556

Accounting Connection- Information from Mrs. Shah's Cookies' statement of retained earnings for 2014 follows.

Dividends	$ 0
Net income	?
Retained earnings, January 31, 2014	159,490
Retained earnings, January 31, 2013	102,403

Prepare Mrs. Shah's Cookies' statement of retained earnings. You will need to solve for the amount of net income. What is retained earnings? Why might the board of directors decide not to pay any dividends?

Reference no: EM13913556

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