QUESTION 27 Not yet answered Marked out of 10.00 P Rag Statement of Retained Earnings Use the following data to prepare a statement of retained earnings for Schauer C Total retained earnings originally reported as of January 1 $347,000 Stock dividends declared during the year Cash dividends declared during the year Net income for the year 15,000 40,000 65,000 SCHAUER CORPORATION Statement of Retained Earnings For the Year Ended December 31 Add: Less: Stock Dividends Declared up