Presented below is information related to Kevin and Johnson, Attorneys at Law.Retained earnings,…

Presented below is information related to Kevin and Johnson, Attorneys at Law.Retained earnings, January 1, 2011 …….. $ 23,000Legal service revenue—2011 ……….. 350,000Total expenses—2011 …………. 211,000Assets, January 1, 2011 ………… 85,000Liabilities, January 1, 2011 ………… 62,000Assets, December 31, 2011 ……….. 168,000Liabilities, December 31, 2011 ……… 85,000Dividends—2011 ………….. 79,000InstructionsPrepare the 2011 retained earnings statement for Kevin and Johnson, Attorneys at Law.View Solution:
Presented below is information related to Kevin and Johnson Att