Retained Earnings Statement Financial information related to Healthy Products Company for the month ended November 30, 2018, is as follows: Net Income for November $93,500 Cash dividends paid during November 7,000 Retained earnings, November 1, 2018 2,940,000 a. Prepare a retained earnings statement for the month ended November 30, 2018. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign Healthy Products Company Retained Earnings Statement For the Month Ended November 30, 2018 Retained earnings, November 1, 2018 Retained earnings, November 30, 2018 Cash b. Why is the retained earnings statement prepared before the November 30, 2018, balance sheet? 1. To arrive at the number of shares outstanding 2. To calculate the net income for the year 3. To calculate the ending retained earnings balance to be included on the balance sheet. 4. To calculate the total assets