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For the year ending December 31, 2017, Soto Inc. reports net income $145,000 and dividends $87, 500. Prepare the retained earnings statement for the year

For the year ending December 31, 2017, Soto Inc. reports net income $145,000 and dividends $87, 500. Prepare the retained earnings statement for the year assuming the balance in retained earnings on January 1, 2017, and was $222, 500. (List items that increase retained earnings First)

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