10. Parfait, Inc had beginning retained earnings of $290,000 on January 1, 2024. During the year, Parfait declared and paid $120,000 of cash dividends and earned S190,000 of net income. Prepare a statement of retained earnings for Parfait, Inc. for the year ended December 31, 2024 Enter any increases in retained earnings prior to the subtotal and any decreases to retained earnings below the subtotal. Enter any increases in retained earnings prior to the subtotal and any decreases to retained earnings below the subtotal. Parfait, Inc. Statement of Retained Earnings Year Ended December 31, 2024