Prepare a retained earnings statement for the year ended December 31 , 2024. At December 31,2023, reported the following stockholders' equity.Explore accounting for merchandise inventory, long-term assets, and partnerships. On a company's balance sheet, common stock is recorded in the "stockholders' equity" section. This fourth and final financial statement lists the cash inflows and cash outflows for the business for a period of time. Schedule M3, Part I, asks certain questions about the partnership's financial statements and reconciles financial statement net income (loss). Capital improvements should be capitalized and be expensed through a depreciation schedule. Rents and leases record payments made under an operating agreement. If "Yes," complete Schedule D, Part X f Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses. Our goal is to give you the information that enables you to be an informed participant in the financial management of your account.