Semaj, Inc. had beginning retained earnings of $$110,000$ on January $1,2025.$ During the year, Semaj, Inc. declared and paid $$80,000$ of cash dividends and earned $$60,000$ of net income. Prepare a statement

of retained earnings for Semaj, Inc. for the year ending December $31,2025.($Enter any increases in retained earnings prior to the subtotal and any decreases to retained earnings below the subtotal.$)$

Semaj, Inc.

Statement of Retained Earnings

Year Ended December $31,2025$

$,$