Fine Dining Room Inc. has a August 31 year end. Retained earnings at August 31, 2019 had a credit balance of $69,700. During the 2020 fiscal year, net income was $29,500 and dividends of $12,800 were declared and paid. During the 2021 fiscal year, Fine Dining Room Inc. had a net loss of $16,600 and dividends of $8,500 were declared but not yet paid.

Prepare statements of retained earnings for Fine Dining Room Inc. as at August 31, 2020 and August 31, 2021. Do not enter dollar signs or commas in the input boxes. Do not use the negative sign for any values.