For the year ended December 31, 2024, Marin Inc. reported profit of $182,000. During the year, the company declared a total of $124,800 cash dividends and paid $88,400 of these dividends. Prepare a statement of retained earnings for the year, assuming the balance in Retained Earnings on December 31, 2023, was $257,920. (List items that increase retained earnings first.) MARIN INC. Statement of Retained Earnings $ Te V $ A A : A $ SA Splish Brothers Inc. has recorded all necessary adjusting entries, except for income tax expense, at its fiscal year end, July 31, 2024. The following information has been taken from the adjusted trial balance: Accounts payable $23,970 Interest expense $4,700 Cash dividends-common 56,400 Notes payable 94,000 Common shares 188,000 Retained earnings (Aug. 1, 2023) 330,880 Cost of goods sold 291,400 Salaries expense 131,600 Dividends payable 14,100 Sales 625,100 Income tax expense 28,200 Supplies expense 9,400 Income tax payable 2,820 Unearned revenue 11.280 All accounts have normal balances and total assets equal $768,450. Splish Brothers has a 20% income tax rate. (a) Prepare a statement of retained earnings. (List items that increase retained earnings first.) V SPLISH BROTHERS INC. Statement of Retained Earnings $ abocka Media List of Accounts (62)