Exercise 2-9 Statement of Retained Earnings Landon Corporation was organized on January 2, 2012,…


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Exercise 2-9 Statement of Retained Earnings Landon Corporation was organized on January 2, 2012,… 1 answer below » Exercise 2-9  Statement of Retained Earnings Landon Corporation was organized on January 2, 2012, with the investment of $100,000 by each of its two stockholders. Net income for its first year of business was $85,200. Net income increased during 2013 to $125,320 and to $145,480 during 2014. Landon paid $20,000 in divi- dends to each of the two stockholders in each of the three years. Required Prepare a statement of retained earnings for the year ended December 31, 2014. Jan 29 2016 12:14 PM

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