1. Financial information related to Bank of America for the month ended December 31, 2020, is as follows: Description Net income for December Cash dividends paid during December Retained earnings, December 1, 2020 Amount in millions of dollars $2,167 $495 $156,319 a. Prepare a retained earnings statement for the month ended December 31, 2020. Remember to complete the statement header. b. Why is the retained earnings statement prepared before the December 31, 2020 balance sheet