Magical Experiences Vacation Company has the following data available: Dividends, 2019 $...
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Accounting
Magical Experiences Vacation Company has the following data available:
Dividends, 2019
$ 14,000
Retained earnings, 12/31/2018
$ 55,300
Dividends, 2020
16,000
Revenues, 2019
221,900
Expenses, 2019
188,500
Revenues, 2020
325,400
Expenses, 2020
250,800
Required:
Prepare retained earnings statements for 2019 and 2020.
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