Reconciling Retained Earnings Use the following data to reconcile the 2019 retained earnings for Springwerth Company (that is, explain the change in retained earnings during the year).

Total retained earnings, December 31, 2018	$429,600
Stock dividends declared and distributed in 2019	36,800
Cash dividends declared and paid in 2019	44,000
Net income for 2019	162,400

Note: Use a negative sign with your answer(s) to show a reduction. Note: If an account label is not needed, enter a zero or leave the answer blank.

Springwerth Company
Statement of Retained Earnings
For Year Ended December 31, 2019
Retained earnings, December 31, 2018	Answer
Net income	Answer
Stock dividends	Answer
Cash dividends	Answer
Retained earnings, December 31, 2019	Answer