Prepare the statement of retained earnings for Davis Design Studio for the year ending December 31,.
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Prepare the statement of retained earnings for Davis Design Studio for the year ending December 31, 2014. The asset, liabilities, and equities of Davis Design Studio have the following balances at December 31, 2014. The retained earnings was $ 33,300 at the beginning of the year with common stock of $ 15,000 and dividends of $ 54,400 during theyear.
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