Statement of Retained Earnings Jordan Corporation reported retained earnings of $225,000 at the beginning of the current year. During the year, Jordan earned mint income of $45,000 and paid cash dividends of $3,750. Prepare Jordan's reconciliation of retained earnings for the current year. JORDAN CORPORATION Reconciliation of Retained Earnings For Year Ended December 31, Current Year Retained earings, 1/1 Add: Net income for current year Less: Cash dividends Retained earnings. 12/31