Company BCompany B began 2013 with a $110000 balance in retained earnings. The following events occurred during the year:The following is required:Please add your file.For assistance with your assignment please use your text Web resources and all course materials.The following grading guidelines will be used:Grading Guidelines30%Prepare journal entries for each transaction.10%Discuss the right of shareholders of capital stock.10%Discuss limited liability relative to shareholders and the corporation.30%Prepare the statement of retained earnings for the year ended 2013.20%Explain disclosures required relative to retained earnings.

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