STATEMENT OF RETAINED EARNINGS Magical Experiences Vacation Company has the following data available:

Dividends, 2009 $ 12,200 Dividends, 2010 18,900 Expenses, 2009 185,300 Expenses, 2010 310,600 Retained earnings, 12/31/2008 47,100 Revenues, 2009 242,900 Revenues, 2010 391,400 Required:

Prepare statements of retained earnings for 2009 and 2010.