Baket ALLENDALE COMPANY Statements of Income and Retained Earni For the Years Ended December 31...
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Baket ALLENDALE COMPANY Statements of Income and Retained Earni For the Years Ended December 31 2019 $230,000 238,000 120,000 2018 $210,000 215,000 Revenues 8,000 5,000 Sales (net) Other revenues Total revenues 103,000 50,000 7,200 22,000 182,200 Expenses 55,000 8,000 23,000 206,000 32,000 132,000 Cost of goods sold Selling, general, and administrative Interest expense Income tax expense Total expenses Retained earnings, January 1 Common stock dividends 32,800 107,000 Net earnings (net income) 3,200 4,600 3,200 4,600 $132,000 Less: Preferred stock dividends $156,200 Retained earnings, December 31 Required Prepare a horizontal analysis of the balance sheet and income statement for 2019 and 2018, percentages to one decimal point
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