Prepare a statement of retained earnings for Tidal Company for the current year ended December $31$ using the following data. Note: Amounts to be deducted should be indicated by a minus sign.

Cash dividends declared and paid in current year Retained earnings at December $31,$ prior year

$10,400$

$64,800$

$37,800$

Tidal Company

Statement of Retained Earnings

For Current Year Ended December $31$

$