Inswer the following questions regarding the Retained Earnings Statement that would be prepared from the adjusted trial balance. It is suggested that you prepare the Retained Earnings Statement in good form before answering the questions. Remember that all What is the correct way to date the Retained Earnings Statement. Second line on the Retained Earnings Statement First line on the Retained Earnings Statement Third line on the Retained Earnings Statement Fourth line on the Retained Earnings Statement 1. December 31,20x1 2. For the year ended December 31,201 3. Retained earnings January 1,20170,000 4. Retained earnings December 31,20189,000 5. Less: Dividends 20,000 6. Add: Net income 39,000
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