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Concord Ltd. has retained earnings of NT$713,600 at January 1, 2022. Net income during 2022 was NT$1,675,300, and cash dividends declared and paid during 2022

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Concord Ltd. has retained earnings of NT$713,600 at January 1, 2022. Net income during 2022 was NT$1,675,300, and cash dividends declared and paid during 2022 totaled NT$78,500. Prepare a retained earnings statement for the year ended December 31, 2022. (List items that increase retained earnings first.) CONCORD LTD Retained Earnings Statement December 31, 2022 NT$ NT$

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