Firefly, Inc. reported the following results for the year ending July 31:Firefly, Inc. reported the following results for the year ending July 31:

Firetly, Inc. reported the tollowing results tor the year ending July 31 Retained earnings, August 1 $ 875,000.00 450,000.00 Net income Cash dividends declared 140,000.00 Stock dividends declared 60,000.00 Prepare aretained earnings statement for the fiscal year ended July 31