(Answered) Cdeate workd cos reatined earninf statkent using net incomeCdeate workd cos reatined earninf…

➤ How do you prepare a statement of retained earnings on a worksheet using net income?
Prepare it on a worksheet by listing the beginning retained earnings, entering the net income from the income statement column, and showing dividend distributions and any prior-period adjustments. Calculate the ending retained earnings and carry that figure to the balance sheet column. Use clear labels and tie totals with closing journal entries.