Start with the beginning retained earnings balance
Add net income for the period
Subtract net loss for the period
Subtract dividends paid
Subtract any prior period adjustments or corrections
Use the formula: Beginning Retained Earnings + Net Income – Dividends ± Adjustments = Ending Retained Earnings
Check the statement of retained earnings for the ending balance
Find retained earnings on the balance sheet under shareholders’ equity
Use the accounting records or general ledger if the balance sheet is not available