The Coca-Cola Company and Subsidiaries reported the following amounts in various statements included in its Form 10-K for the year ended December 31, 2011. (All amounts are stated in millions of dollars.)
Net income attributable to shareowners of
The Coca-Cola Company for 2011 $ 8,572
Dividends in 2011 4,300
Reinvested earnings, December 31, 2010 49,278
Reinvested earnings, December 31, 2011 53,550
Required
1. Prepare a statement of retained earnings for The Coca-Cola Company for the year ended December 31, 2011.
2. The Coca-Cola Company does not actually present a statement of retained earnings in its annual report. Instead, it presents a broader statement of shareholders’ equity. Describe the information that would be included on this statement that is not included on a statement of retained earnings.