$ 3,250 Retained Earnings, June 1, 2024 Net income for the month 11,700 $ 14,950 Dividends (3,500 Retained Earnings, June 30, 2024 $ 11,450 Requirement 2. What does the statement of retained earnings report? The statement of retained earnings reports on an entity's assets, liabilities, and stockholders' equity as of a specific date. on an entity's assets, liabilities, and stockholders' equity for a period of time. revenues and expenses as of a specific date. revenues and expenses for a period of time. the changes in retained earnings for a business entity as of a specific date. the changes in retained earnings for a business entity during a time period