flolt Company becon 2019 with a s 120,000 balance in reta ingd ehrningt, During the yeac, the following events occurredr 1. The company earned nat income of se7,000. 3. Cash dividends totaling 512,000 and ztock dividends totsling $16,000 were declared. whore restrictiens in a note to the firancial stetements. Requirend: Prepare a statemient of rotained aarninge for the year ended December 31. 2019. ROLT COMpAFCY Statement of Retained Earnings For Year Ended December 31, 2019 Reteined earnings, as previpusy reported, January 1, 2019 Adjusted reta ned earningt, Zsnuery 1,2019 Addi Nat incumat Fetained earnings. December 11,2015