Question - Marcie Davies owns and operates Gemini Advertising Services. On January 1, 2015, Retained Earnings had a balance of $623,500. During the year, Marcie invested an additional $36,000 in exchange for common stock, and $14,500 of dividends were paid. For the year ended December 31, 2015, Gemini Advertising Services reported a net income of $92,510.
Prepare a retained earnings statement for the year ended December 31, 2015. Enter all amounts as positive numbers. Refer to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading.