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On January 1, 2020, Pina Colada Corp. had Retained Earnings of $800,000. During the year,...

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Accounting

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On January 1, 2020, Pina Colada Corp. had Retained Earnings of $800,000. During the year, Pina Colada Corp. had the following selected transactions: 1. Declared stock dividends of $44,000. 2. Declared cash dividends of $52,000. 3. A 2-for-1 stock split involving the issue of 240,000 shares of $5 par value common stock for 170.000 shares of $10 par value common stock. 4. Suffered a net loss of $90,000. Prepare a Retained Earnings Statement for the year. PINA COLADA CORP. Retained Earnings Statement

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