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Question 3 of 5 View Policies < > -/1 Current Attempt in Progress For the year ended December 31, 2024, Sage Hill Inc. reported

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Question 3 of 5 View Policies < > -/1 Current Attempt in Progress For the year ended December 31, 2024, Sage Hill Inc. reported profit of $164,500. During the year, the company declared a total of $112,800 cash dividends and paid $79,900 of these dividends. Prepare a statement of retained earnings for the year, assuming the balance in Retained Earnings on December 31, 2023, was $233,120. (List items that increase retained earnings first.) SAGE HILL INC. Statement of Retained Earnings eTextbook and Media

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