Johnlee, Inc. had beginning retained earnings of $ 140,000 on January 1, 2018. During the year, Johnlee declared and paid $ 55,000 of cash dividends and earned $ 95,000 of net income. Prepare a statement of retained earnings for Johnlee, Inc. for the year ending December 31, 2018.
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Johnlee, Inc. had beginning retained earnings of $ 140,000 on January 1, 2018. During the year, John...
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