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Comparative statements of retained earnings for Renn-Dever Corporation were reported in its 2018 annual report...

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Comparative statements of retained earnings for Renn-Dever Corporation were reported in its 2018 annual report as follows. RENN-DEVER CORPORATION Statements of Retained Earnings 2017 $6,913,452 $5,622,552 $5,784,552 2016 For the Years Ended December 31, Balance at beginning of year Net income (loss) Deductions: 2018 ed 3,368,700 2,260,900 (162,000) Stock dividend (33,500 shares) Common shares retired (116,000 shares) Common stock cash dividends 234,500 232,000 879,950738,000 ok Balance at end of year $9,167,702 $6,913,452 $5,622,552 At December 31, 2015, common shares consisted of the following Common stock, 1,805,000 shares at $1 par Paid-in capital-excess of par 1,805,00 10,830,0ee Required: Infer from the reports the events and transactions that affected Renn-Dever Corporation's retained earnings during 2016, 2017, and 2018 Prepare the journal entries that reflect those events and transactions. (If no entry is required for a transaction/event journal entry required" in the first account field.) select "No

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