Brief Exercise 4-9 Skysong Corporation has retained earnings of $691,200 at January 1, 2017. Net income during 2017 was $1,582,400, and cash dividends declared and paid during 2017 totaled $77,800. Prepare a retained earnings statement for the year ended December 31, 2017. (List items that increase retained earnings first.) SKYSONG CORPORATION Retained Earnings Statement