For the year ended December 31, 2021, Marx Farms Limited, a private company, reported net income of $361,760. The company declared dividends of $128,800 and paid $44,800 of these dividends during the year. Prepare a statement of retained earnings for the year, assuming the balance in Retained Earnings on January 1, 2021, was \$571,200. (List items that increase retained earnings first.) How would this statement change if Marx Farms were a publicly traded company? blicly traded corporation, a would be required instead of a