Brief Exercise 4-09 Blossom Corporation has retained earnings of $677,300 at January 1, 2020. Net income during 2020 was $1,598,100, and cash dividends declared and paid during 2020 totaled $75,700. Prepare a retained earnings statement for the year ended December 31, 2020. (List items that increase retained earnings first.) BLOSSOM CORPORATION Retained Earings Statement