Big Bluestem Inc.reported the following results for the year ending April 30:
$\begin{array}{lr}
\text { Retained earnings, May } 1 & \$ 3,750,000 \
\text { Net income } & 720,000 \
\text { Cash dividends declared } & 80,000 \
\text { Stock dividends declared } & 220,000
\end{array}$

Prepare a retained earnings statement for the fiscal year ended April 30.

Question

Big Bluestem Inc.reported the following results for the year ending April 30:
 $\begin{array}{lr}
\text { Retained earnings, May } 1 & \$ 3,750,000 \
\text { Net income } & 720,000 \
\text { Cash dividends declared } & 80,000 \
\text { Stock dividends declared } & 220,000
\end{array}$

Prepare a retained earnings statement for the fiscal year ended April 30.

Quizplus · Accepted Answer

The Answer of Big Bluestem Inc.reported the following results for the year ending April 30:
 $\begin{array}{lr}
\text { Retained earnings, May } 1 & \$ 3,750,000 \
\text { Net income } & 720,000 \
\text { Cash dividends declared } & 80,000 \
\text { Stock dividends declared } & 220,000
\end{array}$

Prepare a retained earnings statement for the fiscal year ended April 30.

Big Bluestem Inc Prepare a Retained Earnings Statement for the Fiscal Year Ended