Current Attempt in Progress For the year ended December 31,2021 , Steering Farms Limited, a private company, reported net income of $355.300. The compamy declared dividends of $126,500 and haid $44,000 of these dividends during the year Prepare a statement of retained earnings for the year, assuming the balance in Retained Earnings on January 1, 2021, was $561,000. (List items that increase retained earnings first). How would this statement change if Steering Farms were a publicly traded company? If Steering were a publicly traded corporation, a would be required instead of a