Calculate retained earnings for Kate’s Bike Shop at December…
Calculate retained earnings for Kate’s Bike Shop at December 31, 2024 using the information in the adjusted trial balance provided in this section of the quiz. Kate’s Bike Shop Calculation of Retained Earnings Year Ended December 31, 2024 Retained Earnings Balance, January 1 Blank #1 Net income Blank #2 Dividends declared Blank #3 Balance, December 31 Blank #4 When entering numerical responses, do not include dollar signs, commas, spaces or decimals. Enter items that need to be deducted with a negative sign in front of the number.