Apex Systems Co. offers its services to residents in the Seattle area. Selected accounts from the ledger of Apex Systems Co. for the fiscal year ended December 31, 2016, are as follows:

Prepare a retained earnings statement for the year.

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Retained Earnings 90,000 Jan.1 (2016) 1,375,000 Mar. 31 Dividends 22,500 Dec. 31 22,500 Dec. 31 90,000 Dec. 31 June 30 Sept 30 22500 Dec. 31 22,500 ncome Summary Dec. 3 1,415,000 Dec. 31 1,770,000 31 355,000