Sheridan Paper Mill, Inc., had, at the beginning of the current fiscal year, retained earnings of $325,825. During the year, the company produced net income after taxes of $713,650 and paid out 42 percent of its net income as dividends. Construct a statement of retained earnings and compute the year-end balance of retained earnings. (Round answers to 2 decimal places, e.g. 15.25. List items that increase retained earnings first.) Sheridan Paper Mill, Inc. Statement of Retained Earnings +A $