E4.2B (L05) (Retained Earnings Statement) Jason Woo Corporation began operations on January 1, 2017. During its first 3 years of operations, Woo reported net income and declared dividends as follows: Instructions (a) Prepare a 2020 retained earnings statement for Jason Woo Corporation. (b) Assume Jason Woo Corp. restricted retained earnings in the amount of $280,000 on December 31, 2020. After this action, what would Woo report as total retained earnings in its December 31, 2020, balance sheet