Crane A.S. reported retained earnings at December 31, 2019, of $325,000, Crane had 210,000 shares outstanding at the beginning of 2020. The following transactions oceurred during 2020. 1. A cash dividend of 60.50 per share was declared and paid. 2. A 5% share dividend was declared and distributed when the market price por share was 615 per share. 3. Net income was $291,000 Prepare a retained earnings statement for 2020