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    Income Statement : Find Retained Earnings Given Total Earnings, Revenues, Net Interest Expense and Income Taxes

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    The problem is that I need to see sample income statements. I need to figure out the statement of retained earnings. I have earnings end of year, 12,979 revenues 25,329, net interest expense, 453 income taxes 853 other income net 137 dividends paid. What I need guidance on is finding retained earnings beginning of year 12,171, operating costs and expenses 22,924 cash and cash equivalents 1,239, and when I do the income statement I need to have the final three lines as before taxes, income taxes and net income.

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    Solution Summary

    The format for finding retained earnings given total earnings, revenues, net interest expense and income taxes is outlined.