Fix the incorrect answers.

Jarvis began operations on January 1, Year 1 and its Retained Earnings balance on that date was $0. In its first two years of operations, it reported the following at its December 31 year-end. (a) Prepare the statement of retained earnings for Year 1 at its December 31 year end. (b) Prepare the statement of retained earnings for Year 2 at its December 31 year end. * Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Prepare the statement of retained earnings for Year 1 at its December 31 year end. Prepare the statement of retained earnings for Year 2 at its December 31 year end