Data for Kennedy Realty Are as Follows The Owner, Finn Kennedy, Received a Dividend of $30,000 During

question 207

Essay

Data for Kennedy Realty are as follows: $\begin{array}{llcc} \text { Total assets at January 1.................... } &\$100,000\\ \text {Total liabilities at January 1................ } &35,000\\ \text {Total revenues for the year.................. } &79,000\\ \text { Total expenses for the year................. } &47,000\\\end{array}$
The owner, Finn Kennedy, received a dividend of $30,000 during the year. Using the above data, prepare Kennedy Realty's Statement of Retained Earnings for the year ended December 31.

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