Xavier Heffner owns and operates Heffner Advertising Services. On January 1, 2018, Retained Earnings had a balance of $180,650. During the year, Xavier invested an additional $39,700 in exchange for common stock and $23,500 in dividends were paid. For the year ended December 31, 2018, Heffner Advertising Services reported a net income of $19,500.

Prepare a retained earnings statement for the year ended December 31, 2018.

Heffner Advertising Services

Retained Earnings Statement

For the Year Ended December 31, 2018

Identify whether the statements are true or false by dragging and dropping the appropriate term into the bin provided. long-run economic growth is unlikely to be sustainable because of finite natural resources. in the modern economy, countries that possess few domestic natural resources essentially have no chance to develop economically. finding alternatives to natural resources will be very important to long-term economic growth. in the modern economy, human and physical capital are generally less important in productivity than natural resources. in the 19th century, countries with the highest per capita gdp were nearly always abundant in minerals and productive farming land.