Current Attempt in Progress Blue Spruce Corporation prepares financial statements in accordance with ASPE. At January 1, 2020, the company had retained earnings of $1,490,000. In 2020, net income was $325,000, and cash dividends of $55,000 were declared and paid. Prepare a 2020 statement of retained earnings for Blue Spruce Corporation. (List items that increase retained earnings first.) Blue Spruce Corporation Statement of Retained Earnings : > +A $ LA $