Foward Company had the following data available: Net income for the year ending December 31,...
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Accounting
Foward Company had the following data available:
Net income for the year ending December 31, 2015 $50,000
Dividends declared during 2015 $47,000 Dividends paid during 2015 $32,000 Paid-in capital, January 1, 2015 $45,000
Retained earnings, January 1, 2015 $59,000
Required: Prepare a statement of retained earnings for Forward Company for the year ended December 31, 2015.
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