Following is selected financial information for Boardwalk for the year ended December 31, 2011. Retained earnings, Dec. 31, 2011 $ 18,750 Cash dividends $ 2,000 Net income 11,750 Retained earnings, Dec. 31, 2010 9,000

Following is selected financial information for Boardwalk for the year ended December 31, 2011.

Retained earnings, Dec. 31, 2011	$	18,750		Cash dividends	$	2,000
Net income		11,750		Retained earnings, Dec. 31, 2010		9,000

Required:

Prepare the 2011 statement of Retained earnings for Boardwalk. (Amounts to be deducted should be indicated with a minus sign. Omit the "$" sign in your response.)

Boardwalk Statement of Owner’s Equity For Year Ended December 31, 2011
Retained earnings, Dec. 31, 2010	$ 9,000
Add: Net income	11,750
	20,750
Less: Cash dividends	-2,000
Retained earnings, Dec. 31, 2011	$ 18,750