10. Parfait, Inc. had beginning retained eamings of $300,000 on Janyary 1, 2024. During the yoar, Parfait doclarod and paid $110,000 of cash dividends and earned $150,000 of net inoome. Prepare a statement of retained eninings for Parfat, Inc. for the year ended December 31 . 2024 . Entor any increases in retained earnings prior to the subtotal and anv decraache