Stone Culture Corporation was organized on January 1, 2014. For its first two years of operations, it reported the following: $ 40,000 45,000 15,000 20,000 125,000 242,000 Net Income for 2014 Net Income for 2015 Dividends for 2014 Dividends for 2015 Total assets at the end of 2014 Total assets at the end of 2015 On the basis of the data given, prepare a statement of retained earnings for 2014 (its first year of operations) and 2015. STONE CULTURE CORPORATION STONE CULTURE CORPORATION Statement of Retained Earnings Statement of Retained Earnings Retained Earnings, January 1, 2015 Retained Earnings, January 1, 2014 Add: Net Income Add: Net Income Less: Dividends Less: Dividends 0 S 0 Retained Earnings, December 31, 2014 Retained Earnings, December 31, 2015