Cullumber was reviewing the company's activities at the end of the year (2025) and decided to prepare a retained earnings staternent. At the beginning of the year, assets were $595,000, liabilities were $142,000, and commonstock was $121,000. The net income for the year was $325,000. Dividends of $228,000 were paid during the year. Prepare a retained earnings statement in good form. (List items that increase retained earnings first.)