Supplies expense $1,000.00
Gas and oil expense
Advertising expense $400.00
Total expenses $3,700.00
Net income $3,300.00
Retained earnings statement
R/E as of 6/30/2010 $-
Net Income $3,300.00
Dividends paid during 2010 $2,000.00
b. the company's first month of operation was a success because they made $1,300.00 in June.
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