Data for Madison Realty are as follows:

Madison Realty paid dividends of $30,000 during 2011. From the above data, prepare Madison Realty's statement of retained earnings for the year ended December 31, 2011.

Question

Data for Madison Realty are as follows:
   
Madison Realty paid dividends of $30,000 during 2011. From the above data, prepare Madison Realty's statement of retained earnings for the year ended December 31, 2011.

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The Answer of Data for Madison Realty are as follows:
   
Madison Realty paid dividends of $30,000 during 2011. From the above data, prepare Madison Realty's statement of retained earnings for the year ended December 31, 2011.

Data for Madison Realty Are as Follows