The following account balances were selected from the records of Harvey Corporation at December 31 : Net income for the year was $52.500. Required: 1-a. Prepare the statement of retained earnings for the year ended December 31. 1-b. Prepare the stockholders equity section of the balance sheet at December 31. Complete this question by entering your answers in the tabs below. Prepare the statement of retained earnings for the year ended December 31 . The following account balances were selected from the records of Harvey Corporation at December 31. Netincome for the year was $52,500 Required: 1-a. Prepare the statement of retained eamings for the year ended December 31 . 1-b. Prepare the stockholdeis equity section of the balance sheet at December 31 . Complete this question by entering your answers in the tabs below. Prepare the stockholgers' equity section of the balance sheet at December 31 . (Amounts to be deducted should be indicated by a minus sign.)