On January 1, 2011, the Retained Earnings Account of Crystal

question 14

Essay

On January 1, 2011, the retained earnings account of Crystal Pool Service Company had a balance of $252,000. During the year, the company issued an additional $20,000 of capital stock and paid $52,400 in dividends. For the year ended December 31, 2011, Crystal Pool Service Company reported a net income of $72,300. Prepare a retained earnings statement for the year ended December 31, 2011.

---

Definitions:

Hypocarbia

A condition marked by reduced levels of carbon dioxide in the blood, usually due to excessive breathing.

Physical Activity

Any bodily movement produced by skeletal muscles that requires energy expenditure, important for maintaining physical fitness and health.

Muscle-strengthening

Physical exercises designed to improve muscle strength, endurance, and mass.

Aerobic

Relating to, involving, or requiring free oxygen, often referred to activities or exercises that improve the efficiency of the body's cardiovascular system in absorbing and transporting oxygen.