Jarms began operavons on January 1. Year 1 and ins Rerained Earnings balance on that date was $0 in its frist wo years of operations. it reported the following at its December 31 year-end. (a) Prepare thestatement of retained eamings for Year 1 at its December 31 year and. (b) Pirpare the statement of retained eamings for Year 2 at its December 31 year.end: Complete this question byentering your answers in the tabs below. Prepare the statement of retained earnings for Year 2 at its December 31 year and