Exercise 1-07 Presented here is information for Sunland Company for 2022. Retained earnings, January 1 Service revenue Total expenses Dividends $150,800 464,000 203,000 75,400 Calculate the net income. Net income $ LINK TO TEXT Prepare the 2022 retained earnings statement for Sunland Company. (List items that increase retained earnings first. SUNLAND COMPANY Retained Earnings Statement $ Click if you would like to Show Work for this question: Qen Show Work