Date Nov. 27 Accounts and Explanation Debit Credit Requirement 2. Prepare a retained earnings statement for the year ended December 31, 2024. Assume Millan's net income for the year was $85,000. Enter any increases in retained earnings prior to the subtotal and any decreases to retained earnings below the subtotal. (Check your spelling carefully and do not abbreviate.) Millan Management Consulting, Inc. Statement of Retained Earnings Year Ended December 31, 2024 Requirement 3. Prepare the stockholders' equity section of the balance sheet at December 31, 2024. (Use parentheses or a minus sign for amounts to be subtracted.) Millan Management Consulting, Inc. Balance Sheet (Partial) December 31, 2024 Paid-In Capital: Total Paid-In Capital Total Stockholders' Equity Stockholders' Equity