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 $550,800 Cash dividends declared during the year Net income for the year Stock dividends declared during the year 127,500 328,100 51,000 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 " $