Statement of Retained Earnings
The statement of retained earnings reports changes in the retained earnings accounting during a reporting period. The statement begins with the beginning balance in the retained earnings account, and then adds or subtracts items such as profits and dividend payments to arrive at the ending retained earnings.
| Entity Name |
|---|
| Retained Earnings Statement |
|---|
| For the period Ended date |
|---|
| |
| Retained earnings, January 1 |
|
$ 150,000 |
|
| Net income |
|
50,000 |
|
| |
|
|
|
| Dividends paid to shareholders |
|
30,000 |
|
| Retained earnings, December 31 |
|
$ 170,000 |
|
|
|
|
|
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