Safari File Edit View History Bookmarks Window Help t ..-)) 41% iD. Thu 10:44 PM

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Safari File Edit View History Bookmarks Window Help t ..-)) 41% iD. Thu 10:44 PM Adam Jackson Ai CengageNONV2 | Onine teaching and lear... É Safari File Edit View Hi Final 2020L 1500 pts 115 min 1 takeCalulator myron Scr...5 PM 1 Item 144...900 Rockwell Inc. reported the following results for the year ended June 30, 2016 Retained carnings, July 1, 2015 4,045,C00 Net income Cash dividends dedared Stock Ovidends declared Ai 99,400 52,300 Ai Prepare a retained earnings statement for the fiscal year ended une 30, 2016. Refer to the ists of Accounts Labels, and Amount Descriptions provided for the exact wording of the answer choices for text entries. Enter a s not requlred 2 native.ai amounts as pasitlve numbers. The word "Less i Retained Earnings project insta 1 add Prepare a retained earnings statement for the fiscal year ended June 30, 2016 Be sure to compiete the statement heading. Refer to the lists of Accounts, Labeis, and Amaunt Descriptians provided for the exact wovding of the os positive s not required. Ai ROCKWELL [NC. Retalned Earnings Statement (Label) Previous Next ime Remaining: 1:10:5 Submit Test for Grading

Explanation / Answer

Retained Earnings Statement For the Year Ended June 30, 2016 Retained earnings,July 1, 2015 4045000 Net income 713600 Less dividends declared 151700 Increase in retained earnings 561900 Retained earnings, June 30, 2016 4606900

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