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Spahr, Inc had beginning retained earnings of $105,000 on January 1 2024. During the year,Spahr...

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Accounting

Spahr, Inc had beginning retained earnings of $105,000 on January 1 2024. During the year,Spahr declared and paid $55,000 of cash dividends and earned $85,000 of net income .Prepare a statement of retained earnings for Spahr, Inc for the year ending December 31 2024 .Enter any increases in retained earnings prior to the subtotal and any decreases to retained earning below the subtotal

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