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Blossom corporation has retained earnings of $677,300 at January 1, 2025. Net income during 2025 was $1,598,100, and cash dividends declared and paid during 2025

Blossom corporation has retained earnings of $677,300 at January 1, 2025. Net income during 2025 was $1,598,100, and cash dividends declared and paid during 2025 totaled $75,700. Prepare a retained earnings statement for the year ended December 31, 2025. (List items that increase retained earnings first.)

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