Following is selected financial information for Atlee Co. for the year ended December 31, 2010….

Following is selected financial information for Atlee Co. for the year ended December 31, 2010. Retained earnings, Dec. 31, 2010 . . . . . . . $16,750 Cash dividends . . . . . . . . . . . . . . . . . . . . . $ 2,000 Net income . . . . . . . . . . . . . . . . . . . . . . . . . 7,750 Retained earnings, Dec. 31, 2009 . . . . . . . 11,000 Required Prepare the 2010 statement of retained earnings for Atlee Company.

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