Blackbeard's Restaurant began operations on January 1,Year 1,with a total investment of $100,000 by its shareholders.The restaurant had a net loss its first year of business of $15,000.During Year 2 and Year 3,the business was profitable with net incomes of $25,000 and $50,000,respectively.The company paid $5,000 per year in dividends to its shareholders in Year 2 and Year 3.
A) In good form, prepare a statement of retained earnings for the year ended December 31 , Year 2.

Question

Blackbeard's Restaurant began operations on January 1,Year 1,with a total investment of $100,000 by its shareholders.The restaurant had a net loss its first year of business of $15,000.During Year 2 and Year 3,the business was profitable with net incomes of $25,000 and $50,000,respectively.The company paid $5,000 per year in dividends to its shareholders in Year 2 and Year 3.
 A) In good form, prepare a statement of retained earnings for the year ended December 31 , Year 2.

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The Answer of Blackbeard's Restaurant began operations on January 1,Year 1,with a total investment of $100,000 by its shareholders.The restaurant had a net loss its first year of business of $15,000.During Year 2 and Year 3,the business was profitable with net incomes of $25,000 and $50,000,respectively.The company paid $5,000 per year in dividends to its shareholders in Year 2 and Year 3.
 A) In good form, prepare a statement of retained earnings for the year ended December 31 , Year 2.

Blackbeard's Restaurant Began Operations on January 1,Year 1,with a Total