The asset, liabilities, and equities of Drammel Design Studio have the following balances at December 31, 2018. The retained earnings was $32,000 at the beginning of the year. At year end, common stock was $14,000 and dividends were $50,000. EEB (Click the icon to view the account balances.) (Click the icon to view the income statement for the year.) Prepare the statement of retained earnings for Drammel Design Studio for the year ending December 31, 2018. Retained Earnings, January 1, 2018 Retained Earnings, December 31, 2018