Data for Madison Realty are as follows:
Madison Realty paid dividends of $30,000 during 2014. From the above data, prepare Madison Realty's statement of retained earnings for the year ended December 31, 2014.

Question

Data for Madison Realty are as follows:
  Madison Realty paid dividends of $30,000 during 2014. From the above data, prepare Madison Realty's statement of retained earnings for the year ended December 31, 2014.

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The Answer of Data for Madison Realty are as follows:
  Madison Realty paid dividends of $30,000 during 2014. From the above data, prepare Madison Realty's statement of retained earnings for the year ended December 31, 2014.

Data for Madison Realty Are as Follows