Shown below in t-account format are the changes affecting the retained earnings of brenner-jude corporation during 2021. at january 1, 2021, the corporation had outstanding 105 million common shares, $1 par per share. retained earnings ($ in millions) 90beginning balance retirement of 5 million common shares for $22 million2 88net income for the year declaration and payment of a $0.33 per share cash dividend33 declaration and distribution of a 4% stock dividend20 123ending balance required: 1. from the information provided by the account changes, you should be able to recreate the transactions that affected brenner-jude’s retained earnings during 2021. prepare the journal entries that brenner-jude must have recorded during the year for these transactions. (hint: in lieu of revenues and expenses, use an account titled "income summary" to close net income or net loss.) 2. prepare a statement of retained earnings for brenner-jude for the year ended 2021.

answer; monopolistic competition;

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.

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