On January 1, 2017, Mather Corporation had Retained Earnings of $625,000. During the year, Mather had the following selected transactions:

1.	Declared stock dividends of $40,000.
2.	Declared cash dividends of $50,000.
3.	A 2 for 1 stock split involving the issue of 200,000 shares of $5 par value common stock for 100,000 shares of $10 par value common stock.
4.	Suffered a net loss of $80,000.

Prepare a Retained Earnings Statement for the year.