Retained Earnings Statement Judy Flint owns and operates Derby Advertising Services. On January 1, 2018, Retained Earnings had a balance of $274,700. During the year, Judy invested an additional $60,400 in exchange for common stock and $35,700 in dividends were paid. For the year ended December 31, 2018, Derby Advertising Services reported a net income of $44,600. Prepare a retained earnings statement for the year ended December 31, 2018. Derby Advertising Services Retained Earnings Statement For the Year Ended December 31, 2018 Retained earnings, January 1, 2018 2,747,000 X Net income 44,600 Dividends 35,700 Change in retained earnings 8,900 Retained earnings, December 31, 2018 282,900 X