For the year ended December 31, 2021, Metlock Inc. reported profit of $ 172,500. During the year, the company declared a total of $ 113,500 cash dividends and paid $ 95,000 of these dividends. Prepare a statement of retained earnings for the year, assuming the balance in Retained Earnings on December 31, 2020, was $ 257,000. (List items that increase retained earnings first.) METLOCK INC. Statement of Retained Earnings $ $ >