Statement of Retained Earnings Landon Corporation was organized on January 2, 2015, with the investment of $90,000 by each of its two stockholders. Net income for its first year of business was $70,780. Net income increased during 2016 to $101,920 and to $119,250 during 2017. Landon paid $17,000 in dividends to each of the two stockholders in each of the three years. Required: Prepare a statement of retained earnings for the year ended December 31, 2017. Landon Corporation Statement of Retained Earnings For the Year Ended December 31, 2017 13