Name: Date: Cells highlighted in green contain a drop-down list; select the appropriate account/response from...
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Accounting
Name: Date: Cells highlighted in green contain a drop-down list; select the appropriate account/response from the list. When the calculation for ending retained eamings is correct, the cell will change to yellow. The following information is available for Kauffman Company for the year ended December 31, 2021. a. Balance of retained eamings, December 31, 2020, $863,000. b. Cash dividends declared and paid during 2021, $16,000. c. The company eamed $210,000 in 2021 net income. Prepare a 2021 statement of retained eamings for Kauffman Company. (Amounts to be deducted should be indicated with a minus sign.) KAUFFMAN COMPANY Statement of Retained Earnings For Year Ended December 31, 2021
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