Current Attempt in Progress Below is the Retained Earnings account for the year 2025 for Kingbird Corp. Retained earnings, January 1, 2025 Add: Gain on sale of investments (net of tax) Net income $46,260 89,560 Refund on litigation with government, related to the year 2022 (net of tax) 26,660 Recognition of income earned in 2024, but omitted from income statement in that year (net of tax) Deduct: $262,660 30,460 192,940 455,600 Loss on discontinued operations (net of tax) 40,060 Write-off of goodwill (net of tax) 65,060 Cumulative effect on income of prior years in changing from LIFO to FIFO inventory valuation in 2025 (net of tax) 28,260 Cash dividends declared Retained earnings, December 31, 2025 37,060 170,440 $285,160