At January 1, 2022, the assets of Sunland Company were $1,040,000 and liabilities were $745,000. The balance in common stock was $136,000. During 2022, Sunland earned revenue of $220,000 and had expenses of $113,000. Dividends of $42,000 were paid during the year. The company also purchased equipment in exchange for a $35,000 note payable. Prepare a retained earnings statement in good form. (List items that increase retained earnings first.) SUNLAND COMPANY Retained Earnings Statement A $