I'm not sure with this one.Need assistance. Tia

uined Earnings Womack Company had the following balances and results for the current calendar year: Retained earnings, January 1 $79,200 Cash dividends declared 11,500 Net income for the year Prepare a statement of retained earnings for the year ended December 31, 20-- 38,300 Womack Company Statement of Retained Earnings For Year Ended December 31, 20-- Retained earnings, January 1 Add net income for the year 31