Blackbeard's Restaurant began operations on January 1,2011,with a total investment of $100,000 by its stockholders.The restaurant had a net loss its first year of business of $15,000.During 2012 and 2013,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 2012 and 2013.
A) In good form, prepare a statement of retained earnings for the year ended December $ 31,2012 $.

Question

Blackbeard's Restaurant began operations on January 1,2011,with a total investment of $100,000 by its stockholders.The restaurant had a net loss its first year of business of $15,000.During 2012 and 2013,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 2012 and 2013.
 A) In good form, prepare a statement of retained earnings for the year ended December $ 31,2012 $.

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The Answer of Blackbeard's Restaurant began operations on January 1,2011,with a total investment of $100,000 by its stockholders.The restaurant had a net loss its first year of business of $15,000.During 2012 and 2013,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 2012 and 2013.
 A) In good form, prepare a statement of retained earnings for the year ended December $ 31,2012 $.

Blackbeard's Restaurant Began Operations on January 1,2011,with a Total Investment 31,2012 31,2012 31,2012

Blackbeard's Restaurant Began Operations on January 1,2011,with a Total Investment $31,2012$