For the year ended December 31, 2021, Sweetwater Farms Limited, a private company, reported net income of $303.620. The company declared dividends of $108,100 and paid $37,600 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 $479,400. (List items that increase retained earnings first.) SWEETWATER FARMS LIMITED Statement of Retained Earnings V $ $ Save for Later Attempts: 0 of 1 used Submit