At December 31, 2013, Chabot Corporation reports revenue of $3,500,000 and expenses of $2,300,000. During the year, the company declared and paid dividends of $400,000. The company had $1,500,000 in retained earnings at the beginning of 2013. Instructions a. Prepare the closing entries for 2013. [8] b. Prepare a statement of retained earnings for December 31, 2013. [4]