The Lone Maple Corporation had net income during 2012 of $46,000.During the year,dividends of $14,000 were declared,of which $10,000 had been paid as of year end.As of the beginning of 2012,the Paid-in Capital account had a balance of $38,000 and the Retained Earnings account had a balance of $54,000.Prepare the Retained Earnings column for the Statement of Stockholders' Equity for the Lone Maple Corporation for the year ended December 31,2012.

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The Answer of The Lone Maple Corporation had net income during 2012 of $46,000.During the year,dividends of $14,000 were declared,of which $10,000 had been paid as of year end.As of the beginning of 2012,the Paid-in Capital account had a balance of $38,000 and the Retained Earnings account had a balance of $54,000.Prepare the Retained Earnings column for the Statement of Stockholders' Equity for the Lone Maple Corporation for the year ended December 31,2012.

The Lone Maple Corporation Had Net Income During 2012 of $46,000.During