2-6 Statement of Retained Earnings(2001) Balance of retained earnings, 12/31/00 $203768 Add: Net income, 2001(519, 936) Less: Dividends paid (11000 Balance of retained earnings, 12/31/01 ($327168) Copy right C 2002 by Harcourt, Inc. All rights reserved2 - 6 Copyright © 2002 by Harcourt, Inc. All rights reserved. Statement of Retained Earnings (2001) Balance of retained earnings, 12/31/00 $203,768 Add: Net income, 2001 (519,936) Less: Dividends paid (11,000) Balance of retained earnings, 12/31/01 ($327,168)