The assets, liabilities, and equities of Dager Design Studio have the following balances at December 31, 2024. The Retained Earnings was $41,000 at the beginning of the year. At year end, Common Stock was $17,000 and Dividends were $50,000. (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 Dager Design Studio for the year ending December 31, 2024. Data table Retained Earnings, January 1, 2024