In its first five years of operations, Monster Hats reports the following net income and...
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Accounting
In its first five years of operations, Monster Hats reports the following net income and dividends (the first year is a net loss).In its first five years of operations, Monster Hats reports the following net income and dividends (the first year is a net loss). Required: Calculate the balance of Retained Earnings at the end of each year. (Negative amounts should be indicated with a minus sign)
Net income(LOSS) for year Dividends for year Ending Retained Earnings ?
-30000 0
59000 0
98000 37000
120000 37000
164000 32000
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