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Bronte, Inc. had beginning retained earnings of $ 1 2 5 , 0 0 0 on January 1 , 2 0 1 6 . During

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Bronte, Inc. had beginning retained earnings of $125,000 on January 1,2016. During the year, Bronte declared and paid $45,000 of cash dividends and earned $90,000 of net income. Prepare a statement of retained earnings for Bronte, Inc. for the year ending December 31,2016.
Enter any increases in retained earnings prior to the subtotal and any decreases to retained earnings below the subtotal. (Enter decreases in Retained Earnings with a minus sign or parentheses.)
Bronte, Inc.
Statement of Retained Earnings
Year Ended December 31,2016
Retained Earnings, January 1,2016
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