Spahr, Inc. had beginning retained earnings of $$105,000$ on January $1,2016.$ During the year, Spahr declared and paid $$95,000$ of cash dividends and earned $$90,000$ of net income. Prepare a statement of retained earnings for Spahr, Inc. for the year ending December $31,2016.$

Enter any increases in retained earnings prior to the subtotal and any decreases to retained earnings below the subtotal. $($Enter decreases in Retained Earnings with a minus sign or parentheses.$)$

Spahr, Inc.

Statement of Retained Earnings

Year Ended December $31,2016$