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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