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Business Course Return to course Support Use the following data to prepare a statement of retained earnings for Schauer Corporation. Total retained earnings originally reported as of January 1 $485,800 Stock dividends declared during the year 39,200 Cash dividends declared during the year 49,000 Net income for the year 131,600 Note: Do not use negative signs with your answers. SCHAUER CORPORATION Statement of Retained Earnings For the Year Ended December 31 0 0 Add: Less: Stock Dividends Declared 0 0 > $ 0 0