Based on the following data, which of the following is not true? BEGONIACOMPANY StatementofRetainedEarnings FortheYearEndedDecember31, 2020 Retained Earnings, January 1, 2020 $167,800 Net Income for 2020 219,100 Dividends declared during 2020 (36,400) Retained Earnings, December 31, 2020 $350,500 a. Dividends are shown in parenthesis because they are payments made by a company to its shareholders as a return on their investment. b. Retained earnings are the amount of distributions made to the shareholders since the company started. c. The net income in the statement came from the Income Statement for the year ended December 31, 2020. d. Retained earnings of $350,500 will appear on the Balance Sheet as of December 31, 2020