Analyzing and Preparing a Retained Earnings Reconciliation Use the following data to prepare the 2022 retained earnings reconciliation for Maffett Company. Total retained earnings, December 31, 2021 $555,000 Stock dividends declared and paid in 2022 45,000 Cash dividends declared and paid in 2022 56,000 Net income for 2022 150,000 Hint: Do not use negative signs with your answers. MAFFETT COMPANY Statement of Retained Earnings For the Year Ended December 31, 2022 Retained earnings, December 31, 2021 Add: Less: Cash dividends declared $ Retained earnings, December 31, 2022 $ +A $