The assets, liabilities, and equities of Rustic Design Studio have the following balances at December $31,2025.$ The Retained Earnings was $$38,000$ at the beginning of the year. At year end, Common Stock was $$20,000$ and Dividends were $$59,000.$

View the account balances. View the income statement.

Prepare the statement of retained earnings for Rustic Design Studio for the year ending December $31,2025.($Enter any increases in retained earnings prior to the subtotal and any decreases to retained earnings below the subtotal.$)$