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Reconciling Retained Earnings Use the following data to reconcile the 2019 retained earnings for Springwerth...

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Finance

Reconciling Retained Earnings Use the following data to reconcile the 2019 retained earnings for Springwerth Company (that is, explain the change in retained earnings during the year).

Total retained earnings, December 31, 2018 $859,200
Stock dividends declared and distributed in 2019 73,600
Cash dividends declared and paid in 2019 88,000
Net income for 2019 324,800

Note: Use a negative sign with your answer(s) to show a reduction. Note: If an account label is not needed, enter a zero or leave the answer blank.

Springwerth Company
Statement of Retained Earnings
For Year Ended December 31, 2019
Retained earnings, December 31, 2018 Answer
Net income Answer
Stock dividends Answer
Cash dividends Answer
Retained earnings, December 31, 2019 Answer

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