Can someone explain the steps of how to do this? Thank you!

Stone Culture Corporation was organized on January 1, 2017 For its first two years of operations, it reported the following: Net Income for 2017 Net Income for 2018 Dividends for 2017 Dividends for 2018 Total assets at the end of 2017 Total assets at the end of 2018 $ 40,000 45,000 15,000 20,000 125,000 242,000 On the basis of the data given, prepare a statement of retained earnings for both 2017 (its first year of operations) and 2018 ces Complete this question by entering your answers in the tabs below. 2017 Stmt of 2018 Stmt of RE RE On the basis of the data given, prepare a statement of retained earnings for 2017 STONE CULTURE CORPORATION Statement of Retained Earnings Retained Earnings, January 1, 2017 Add: Net Income Less: Dividends Retained Earnings, December 31, 2017 0 40.000 15.000 25,000 $ 2018 Stmt of RE > Complete this question by entering your answers in the tabs below. 2017 Stmt of 2018 Stmt of RE RE On the basis of the data given, prepare a statement of retained earnings for 2018, STONE CULTURE CORPORATION Statement of Retained Earnings | Retained Earnings, January 1, 2018 Retained Earnings. December 31, 2018