Dynamic Leaders Inc. reported the following results for the yearending July 31, 2008.
Retained earnings August 1,2007 988.500
Net Income 325.000
Cash didideds declared 35,000
Stock dividendsdeclared 90,000
Prepare a retained earnings statement for the fiscal yearending July 31, 2008
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Dynamic Leaders, Inc.
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Retained Earnings Statement
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Retained Earnings as of Aug 1, 2007 988,500
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