The following account balances were from the records of beverage maker Blake Corporation at December 31 all entries were completed Common stock (par $15 authorized 100.000 shares, issued 28,000 shares, mm of which 1,200 shares are held as treasury stock) $420,000 Additional paid-in --common stock 173,000 Dividends 21,000 Retained earnings, beginning of year 69,000 Treasury stock at cost (1,200 shares) 24,000 Net income for the year was $37,500. Required: 31 1-a. Prepare the statement of retained earnings for the year ended December BLAKE CORPORATION Statement of Retained Earnings For the Year Ended December 31 Retained Earnings, January 1 Retained Earnings December 3