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Retained Earnings Statement Zippy Zap Cameras Inc. reported the following results for the year ending October...

Retained Earnings Statement

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

Retained earnings, November 1, 20Y8 $1,141,500
Net income 445,200
Cash dividends declared 49,000
Stock dividends declared 125,000

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

Zippy Zap Cameras Inc.
Retained Earnings Statement
For the Year Ended October 31, 20Y9
$
$

$
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Answer #1

Zippy Zap Cameras Inc.

Statement of Retained Earnings

For the Year Ended October 31,20Y9

Particulars

$

$

Retained Earnings on November 1,20Y8

1141500

Add: Net Income

445200

Subtotal

1586700

Less: Dividend Declared

174000

Cash Dividend

49000

Stock Dividend

125000

Retained Earnings as on October 31, 20Y9

1412700

Statement

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