Question 1 Presented below is information related to Williams and Douglas, Attorneys at Law Ltd Retained earnings, January 1, 2017 Legal service revenue-2017 Total expenses-2017 Assets, January 1, 2017 Liabilities, January 1, 2017 Assets, December 31, 2017 Liabilities, December 31, 2017 Dividends-2017 33,173 341,919 215,883 98,549 65,376 166,301 106,036 98,944 Prepare the 2017 retained earnings statement for William and Douglas, Attorneys at Law Ltd. (List items that increase retained earnings first.) WILLIAMS AND DOUGLAS, ATTORNEYS AT LAW, LTD Retained Earnings Statement