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Analyzing and Preparing a Retained Earnings Reconciliation
Use the following data to prepare the 2015 retained earnings reconciliation for Bamber Company.
| Total retained earnings, December 31, 2014 | $458,000 |
| Stock dividends declared and paid in 2015 | 39,000 |
| Cash dividends declared and paid in 2015 | 46,000 |
| Net income for 2015 | 105,000 |
Hint: Do not use negative signs with your answers.
| BAMBER COMPANY Statement of Retained Earnings For the Year Ended December 31, 2015 |
| Retained earnings, December 31, 2014 | | Answer |
| AnswerNet incomeCash dividends declaredStock dividends declared | | Answer |
| | | Answer |
| Less: Cash dividends declared | Answer | |
| AnswerNet incomeCash dividends declaredStock dividends declared | Answer | Answer |
| Retained earnings, December 31, 2015 | | Answer |
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