Statement of Retained Earnings

Axxon Corp has the following selected account balances in 2019:

Cash Dividends $30,000; Paid In Capital: 200,000 SHS Authorized, $2 Par Value Common; issued & Outstanding $147,000 ; Net Income $85,000. Retained Earning at December 31, 2018 $89,000.

Prior Period Adjustment re an Error ($4,500) ; Stock Dividends $55,000;

REQUIRED: Prepare a Statement of Retained Earnings for the year ended December 31, 2019.