Question

Dry Creek Cameras Inc. reported the following results for the year ending October 31, 20Y9: Retained...

Dry Creek Cameras Inc. reported the following results for the year ending October 31, 20Y9:

Retained earnings, November 1, 20Y8 $1,024,500
Net income 286,900
Cash dividends declared 23,000
Stock dividends declared 60,000

Prepare a retained earnings statement for the fiscal year ended October 31, 20Y9.


Dry Creek Cameras Inc.
Retained Earnings Statement
For the Year Ended October 31, 20Y9

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