5. Climate Control Systems Co. offers its services to residents in the Spokane area. Selected ac- counts from the ledger of Climate Control Systems for the fiscal year ended December 31, 2020, are as follows: Retained Earnings Dec. 31 160,000 Jan. 1 (2018) 4,150,800 Dividends Mar. 31 40,000 Dec. 31 160,000 Dec. 31 700,000 June 30 40,000 Sept. 30 40,000 Dec. 31 40,000 Income Summary Dec. 31 31 4,530,000 700,000 Dec. 31 5,230,000 Prepare a retained earnings statement for the year.