Stone Culture Corporation was organized on January 1, 2017. For its first two years of operations, it reported the following: Net Income for 2017 Net Income for 2018 Dividends for 2017 Dividends for 2018 Total assets at the end of 2017 Total assets at the end of 2018 $ 49,000 54,000 19,500 29,000 134,000 251,00 On the basis of the data given prepare a statement of retained earnings for both 2017 (its first year of operations) and 2018 STONE CULTURE CORPORATION Statement of Retained Earnings Retained Earnings, January 1, 2017 Retained Earnings, December 31, 2017 $ 0 STONE CULTURE CORPORATION Statement of Retained Earnings For the Year Ended December 31, 2018 Retained Earnings, January 1, 2018 $ 0 Retained Earnings. December 31, 2018