D Question 8 25 pts Jolly Roger Inc. had the following account balances on December 31. Common Stock. $1 par, 370,000 370,000 shares authorized issued and outstanding Paid in Capital in excess of par, Common 431,000 Treasury Stock, Common 17,000 Paid in Capital, Treasury Stock 3,500 Retained Earnings, Jan 1 266,000 Prepare the Statement of Retained Earnings and the stockholder's equity section of the balance sheet assuming Jolly Roger paid $55.000 in dividends and earned $197.000 in net income during the year. Jolly Roger Statement of Retained Earnings For the Year Ended December 31 [ Select] v [Select] [Select) (Select) v 463.000 [Select 1 [ Select] [ Select ] Jolly Roger Balance Sheet December 31, 2012 Stockholder's Equity: [ Select] v [Select] Less: Select ! [ Select) Total Stockholder's Equity Select