B C Steadman Company (I did year 1 for you, you fill in blue) 2 Beginning retained earnings for 2019 is ZERO (it's a new business) 3 net income for 2019 40000 dividends for 2020 net income for 2020 45000 total assets at end of 2019 total assets at end of 2020 PREPARE A STMT OF RETAINED EARNINGS FOR 2019 AND 2020 dividends for 2019 15000 4 5 6 A Steadman Company Statement of Retained Earnings For the Year Ended 12.31.2019 7 8 Beginning RE 9 Net Income 10 Dividends 11 Ending Retained Earnings 12 40,000 (15,000) 25,000 20000 125000 242000 Steadman Company Statement of Retained Earnings For the Year Ended 12.31.2020