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I just cant figure out the beginning retained earnings help!!! At January 1, 2022, the assets of Oriole Company were $1,020,000 and liabilities were $740,000.

I just cant figure out the beginning retained earnings help!!! image text in transcribed
At January 1, 2022, the assets of Oriole Company were $1,020,000 and liabilities were $740,000. The balance in common stock was $145,000. During 2022, Oriole earned revenue of $190,000 and had expenses of $128,000. Dividends of $56,000 were paid during the year. The company also purchased equipment in exchange for a $34,000 note payable. Prepare a retained earnings statement in good form. (List items that increase retained earnings first.)

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