Statement of Retained Earnings Use the following data to prepare a statement of retained earnings for Shepler Corporation. Total retained earnings originally reported at January 1 $388,800 Cash dividends declared during the year 90,000 Net income for the year 231,600 Stock dividends declared during the year 36,000 Note: Do not use negative signs with any of your answers. SHELPER CORPORATION Statement of Retained Earnings For the Year Ended December 31 Add: Less: Stock Dividends Declared $