I need help please . Requesting if you could include all calculations please.

2. At the beginning of 2024, Cameron Company's retained earnings was $212,000. For 2024, Cameron has calculated its pretax income from continuing operations to be $120,000. During 2024, the following events also occurred: 1. During July, Cameron sold Division M (a component of the company). The book values of Division M's assets and liabilities are $300,000 and $100,000, respectively, at the time of sale. The company sold Division M for cash $159,500. During 2024 before its sale, Division M recognized revenues of 100,000 and expenses of 61,000 (excluding income tax expense). 2. Cameron had 21,000 shares of common stock outstanding during all of 2024. It declared and paid a $1 per share cash dividend on this stock. 3. Cameron also paid $7,500 cash dividend to its preferred stockholders. Required: Assuming that all the "pretax" items are subject to a 21% income tax rate: 1. Complete the lower portion of Cameron's 2024 income statement, beginning with "Pretax Income from Continuing Operations." 2. Prepare an accompanying retained earnings statement