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Blossom Company has retained earnings of $ 1,620,000 at January 1, 2017. Net income during 2017 was $ 580,000 and cash dividends declared during the

Blossom Company has retained earnings of $ 1,620,000 at January 1, 2017. Net income during 2017 was $ 580,000 and cash dividends declared during the year totaled $ 116,000. Prepare a retained earnings statement for the year ended December 31, 2017. (List items that increase retained earnings first.) BLOSSOM COMPANY Retained Earnings Statement A

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