When using the trial balance worksheet to prepare the statement of retained earnings,what information is used from the trial balance worksheet?

Question

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The statement of retained earnings shows changes in the retained earnings account over a period of time, taking into account the net income or net loss, dividends, and beginning balance of retained earnings. Therefore, the information used from the trial balance worksheet for preparing the statement of retained earnings includes the beginning balance of retained earnings and dividends. The cash balance, revenues, and expenses are not relevant to this statement.

When Using the Trial Balance Worksheet to Prepare the Statement