Exercise 2-12 Calculate retained earnings [LO 2, 3] The information presented here represents selected data from the December 31, 2013, balance sheet and income statements for the year then ended Retained earnings, December 31, 2013 Decrease in total liabilities during 2013 Gain on the sale of buildings during 2013 Dividends declared and paid in 2013 Proceeds from sale of common stock in 2013 Net income for the year ended December 31, 2013 $189,270 41,220 14,490 4,050 44,460 20,340 Required Prepare the Statement of Stockholders' Equity for the year ended December 31, 2013 and calculate the retained earnings balance as of December 31, 2012. (Negative amount should be indicated by a minus sign.) Statement of Stockholders' Equity For Year Ended December 31. 2013 etained earnings, December 31, 2013 Add: Net income ess: Dividends Retained earnings, December 31, 2012