Retained Earnings for HOme Depot 2021 1. Use the following equation…Retained Earnings for HOme Depot 20211. Use the following equation and show how the Retained Earnings account has changed during the year.[Hint: the beginning balance of Retained Earnings is also equal to the ending balance of Retained Earnings in the prior year.]Retained earnings, beginning balance+ Net Income- Dividends= Retained earnings, ending balanceAccountingBusinessFinancial AccountingACCT 301

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