Sandhill was reviewing his company's activities at the end of the year (2022) and decided to prepare a retained earnings statement. At the beginning of the year his assets were $565,000, liabilities were $143,000, and common stock was $124,000. The net income for the year was $250,000. Dividends of $228,000 were paid during the year. Prepare a retained earnings statement in good form. (List items that increase retained earnings first.) SANDHILL COMPANY Retained Earnings Statement For the Year Ended December 31, 2022 Retained Earnings, Beginning Add Net Income /(Loss) Less Dividends