Please show all work and explanations.

Thank you!

E3.12 (LO 3) Retained Earnings Statement
Eddie Zambrano Corporation began operations on January 1, 2022. During its first 3 years of operations, Zambrano reported net income and declared dividends as follows.
			Net Income	Dividends Declared
		2022	$ 40,000	$ -
		2023	125,000	50,000
		2024	160,000	50,000
The following information relates to 2025.
	Income before income tax				$ 240,000
	Prior period adjustment: Understatement of 2023 depreciation
	expense (before taxes)				25,000
	Dividends declared (of this amount, $25,000 will be paid				100,000
	on Jan. 15, 2026)
	Effective tax rate				20%
Instructions
a.	Complete the 2025 retained earnings statement for Eddie Zambrano Corporation.
b.	Assume Eddie Zambrano Corporation restricted retained earnings in the amount of $70,000 on December 31, 2025. After this action, what would Zambrano report as total retained earnings in its December 31, 2025, balance sheet?
NOTE: Enter a formula, a cell reference, or a value (if you are unable to reference a cell), into the yellow shaded input cells.
a.	EDDIE ZAMBRANO CORPORATION
	Retained Earnings Statement
	For the Year Ended December 31, 2025
b.	Retained earnings: