Pearmain, Inc. had beginning retained earnings of $$280,000$ on January $1,2025.$ During the year, Pearmain, Inc. declared

and paid $$110,000$ of cash dividends and earned $$160,000$ of net income. In addition, the company reports on January $1,$

$2025,17,000$ shares of common stock at a par value of $$1$ per share. The company issued this stock at par value, and there

were no additional changes in common stock throughout the year. Prepare a statement of retained earnings and statement

of stockholders' equity for Pearmain, Inc. for the year ended December $31,2025.$

Start by preparing a statement of retained earnings for Pearmain, Inc. for the year ended December $31,2025.($Enter any

increases in retained earnings prior to the subtotal and any decreases to retained earnings below the subtotal.$)$

Pearmain, Inc.

Statement of Retained Earnings

Year Ended December $31,2025$ Prepare a statement of stockholders' equity for Pearmain, Inc. for the year ended December $31,2025.($Complete only the

necessary input fields. Do not enter any $0$ balances. Enter a decrease in stockholders' equity with a minus sign

or parentheses.$)$