Prepare statements of retained earnings for 2012 and 2013

14. Retained Earnings Account Balances: Dec 31, 2011 Dec 31, 2012 $150,000 $200,000 Sale of Capital Stock 2012 $10,000 2013 $15,000 Dividends declared: 2012 $20,000 2013 $30,000 Dividends paid: 2012 $15,000 2013 $25,000 Operating results: 2012 net income 2013 net income $70,000 - ($10,000)