Current Attempt in Progress Cullumber was reviewing the company's activities at the end of the year (2025) and decided to prepare a retained earnings statement. At the beginning of the year, assets were $560,000, liabilities were $120,000, and common stock was $123,000. The net income for the year was $255,000. Dividends of $213,000 were paid during the year. Prepare a retained earnings statement in good form. (List items that increase retained earnings first.) CULLUMBER COMPANY Retained Earnings Statement $

Current Attempt in Progress Cullumber was reviewing the company's activities at the end of the year (2025) and decided to prepare a retained earnings statement. At the beginning of the year, assets were $560,000, liabilities were $120,000, and common stock was $123,000. The net income for the year was $255,000. Dividends of $213,000 were paid during the year. Prepare a retained earnings statement in good form. (List items that increase retained earnings first.)