Current Attempt in Progress

Sheridan 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 $$525,000,$ liabilities were $$130,000,$ and common stock was $$121,000.$ The

net income for the year was $$255,000.$ Dividends of $$228,000$ were paid during the year.

Prepare a retained earnings statement in good form. $($List items that increase retained earnings first.$)$

SHERIDAN COMPANY

Retained Earnings Statement

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