For the year ended December 31, 2021. Ridgewood Farms Limited, a private company, reported net income of $277.7BO. The company dedared dividends of $98.900 and paid $34,400 of these dividends during the year. (a) Prepare a statement of retained earnings for the year, assuming the balance in Retained Earnings on January 1.2021. was $438.600. (List items that increase retained earnings first RIDGEWOOD FARMS LIMITED Statement of Retained Earnings For the Year Ended to be Restaury 1 5 Add V hatice Desde TRY