Income statement items Financial information related to Udder Products Company for the month ended April 30, 2016, is as follows: N a. Prepare a retained earnings statement for the month ended April...

Income statement items

Financial information related to Udder Products Company for the month ended April 30, 2016, is as follows: N

a. Prepare a retained earnings statement for the month ended April 30, 2016.

b. Why is the retained earnings statement prepared before the April 30, 2016, balance sheet?