Jarvis began operations on January 1, Year 1 and its Retained Earnings balance on that date was $0. In its first two years of operations, it reported the following at its December 31 year-end. Net Income Dividenda Year 1 $ 32,100 $ 14,080 Year 2 $ 53,500 $ 14,980 (a) Prepare the statement of retained earnings for Year 1 at its December 31 year end. (b) Prepare the statement of retained earnings for Year 2 at its December 31 year end.