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028 C Domb Ho R Stone Culture Corporation was organized on January 1, 2020. For its first two years of operations, it reported the

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028 C Domb Ho R Stone Culture Corporation was organized on January 1, 2020. For its first two years of operations, it reported the following Net Income for 2620 Net Income for 2021 Dividends for 2020 Dividends for 2021 Total assets at the end of 2028 Total assets at the end of 2021 Required: $44,000 45,000 17,000 24,000 129,000 246,000 On the basis of the data given, prepare a statement of retained earnings for both 2020 pts first year of operations) and 2021 Complete this question by entering your answers in the tabs below. 2020 2021 On the basis of the data given, prepare a statement of retained earnings for 2020. STONE CULTURE CORPORATION Statement of Retained Earings Retained Eamings January 1, 2020 Retained Eamings, December 31, 2020- 4

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