B. Prepare a "Retained Earnings" Statement (10 Points) The balance in "Retained Earnings on January 1, 2019 for the Glored Corporation was $ 575,000. During the year, the corporation paid "Cash Dividends" of $ 70,000 and distributed "Stock Dividend" of $ 15,000. The Net income was $ 120,000. There is a legal restriction of $ 30,000. Prepare "Retained Earnings Statement "for 2019