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Presented below is information related Mary and Lisa, CPAs. Retained earnings, January 1, 2020 $23,000 Fees earned 500,000 Rent Expenses---2020 200,000 Insurance Expenses 11,000 Assets,

Presented below is information related Mary and Lisa, CPAs.

Retained earnings, January 1, 2020 $23,000

Fees earned 500,000

Rent Expenses---2020 200,000

Insurance Expenses 11,000

Assets, January 1, 2020 85,000

Liabilities, December 31, 2020 80,000

Dividends2020 64,000

Liabilities, January 1, 2020 62,000

Assets, December 31, 2020 168,000

Prepare the 2020 retained earnings statement for Mary and Lisa, CPAs.

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