The goals of a marker economy is to
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Answer:
Explanation:
1.) Kindly check attached picture
2.) Statement of retained earning
Statement of Retained Earnings
For Year Ended December 31, 2018
Retained earnings, Dec. 31, 2017, 270,000
Add: Net income 388,000
Less: Cash dividends declared (152,000)
Less: Treasury stock reissuance (1,500)
Retained earnings, Dec. 31, 2018, 504,500
C.) Stockholders' Equity Section of the Balance Sheet
December 31, 2018
Common stock - $10 par value 400,000
Paid-in capital in excess of par value, common stock 60,000
Retained earnings 504,500
