Climate Control Systems Co. offers its services to residents in the Spokane area. Selected accounts from the ledger of Climate Control Systems for the fiscal year ended December 31, 2018, are as follows:

Retained Earnings Dividends Dec. 31 Mar. 31 25,600 25,600 Jan. 1 (2018) Dec. 31 489,000 256,000 June 30 6,400 Dec. 31 6,400 6,400 6,4001 Sept. 30 Dec. 31 Income Summary Dec. 31 734,700 478,700 Dec. 31 256,000 Dec. 31 Prepare a retained earnings statement for the year. Climate Control Systems Co. Retained Earnings Statement For the Year Ended December 31, 2018