Current Attempt in Progress Sandhill Paper Mill, Inc., had, at the beginning of the current fiscal year, April 1, 2016, retained earnings of $324,100. During the year ended March 31, 2017, the company produced net income after taxes of $713,250 and paid out 40 percent of its net income as dividends. Construct a statement of retained earnings and compute the year-end balance of retained earnings. (Round answers to 2 decimal places, eg. 15.25. List items that increase retained earnings first.) Sandhill Paper Mill, Inc. Retained Earnings for 2017 $ e Textbook and Media Save for Later Attempts: 0 of 2 used Submit